Part D Premiums by Income

Part D Premiums by Income

The Centers for Medicare & Medicaid Services (CMS) announced the 2016 Part D IRMAA.

The charts below show the Beneficiary’s estimated prescription drug plan monthly premium based on the Beneficiary’s income as reported on the Beneficiary’s IRS tax return from 2 years ago and last year. If the Beneficiary’s income is above a certain limit, the Beneficiary will pay an income-related monthly adjustment amount in addition to the Beneficiary’s plan premium.

Part D Premium by Income

If your filing status and yearly income in 2014 was
File individual tax return File joint tax return File married & separate tax return You pay (in 2016)
$85,000 or less $170,000 or less $85,000 or less your plan premium
above $85,000 up to $107,000 above $170,000 up to $214,000 not applicable $12.70 + your plan premium
above $107,000 up to $160,000 above $214,000 up to $320,000 not applicable $32.80 + your plan premium
above $160,000 up to $214,000 above $320,000 up to $428,000 above $85,000 up to $129,000 $52.80 + your plan premium
above $214,000 above $428,000 above $129,000 $72.90 + your plan premium

 

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