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your income affects your Medicare Part B premium

If your income is above average, it is possible that you will pay more for Medicare.

But first let’s talk about what your income doesn’t change.

You will see the same rates for your Medicare Supplement Policy as anyone else in Connecticut who selects the same plan from the same company.

You will pay the same rates for your Medicare Advantage or Prescription Drug Plan, a person with average income might pay.

You will still qualify for $0 monthly premium policies.

Your Medicare Part B premium could increase if your income from two years ago was above average.

The table below shows what you will pay for Medicare Part B in 2017.

How your 2015 Income Changes your 2017 Medicare Part B Premium.
You File an Individual Tax Return You File a Joint Tax Return You are Married and File a
Separate Tax Return
Your Monthly Part B
Premium (in 2017)
Your Monthly Part D
Premium (in 2017)
*If your income is below average you may qualify to have the State of Connecticut pay your Part B Premium
$85,000 or less $170,000 or less $85,000 or less* $134 no surcharge
above $85,000 up to $107,000 above $170,000 up to $214,000 Not applicable $187.50 $13.30 + plan premium.
above $107,000 up to $160,000 above $214,000 up to $320,000 Not applicable $267.90 $34.20 + plan premium.
above $160,000 up to $214,000 above $320,000 up to $428,000 above $85,000 and up to $129,000 $348.30 $55.20 + plan premium.
above $214,000 above $428,000 above $129,000 $428.60 $76.20 + plan premium.

Have questions? Want help enrolling? Get 2017 Medicare information from this website.

About Post Author

Alston J. Balkcom

“ Connecticut-licensed insurance agent since 1985.”

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Medicare income-based plans – tricks to qualify – Connecticut Medicare Health PlansApril 21, 2018

[…] blog post may help you avoid the extra premium this […]

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If your income is higher than average you may pay more for Medicare Part B.