Medicare Part A and Part B Premiums in 2013

Most people age 65 or older don’t have to pay a monthly premium for Medicare Part A because they, or their spouse, paid Medicare taxes while they worked 40 or more quarters of Medicare covered employment. There is, however, a Part B premium charge. Most people pay the standard premium of $104.90 each month in 2013. Read the following for costs of Part A and B premiums for people either working less than 40 quarters, or with an adjusted gross income above a certain amount.

Medicare Part A Premium (2013)

  • Individuals working 30-39 quarters of Medicare covered employment will pay $243.00 per month
  • Individuals working less than 30 quarters of Medicare covered employment will pay $441.00 per month.

Medicare Part B Premium (2013)

The monthly premium you pay for Part B depends on your reported adjusted gross income as it was reported to IRS two years ago, i.e. in 2011 for the 2013 premium.

Part B premiums by income (see http://www.medicare.gov)

If your yearly income in 2011 was You pay (in 2013)
File individual tax return File joint tax return  
$85,000 or less $170,000 or less $104.90
above $85,000 up to $107,000 above $170,000 up to $214,000 $146.90
above $107,000 up to $160,000 above $214,000 up to $320,000 $209.80
above $160,000 up to $214,000 above $320,000 up to $428,000 $272.70
above $214,000 above $428,000 $335.70

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