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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