The Centers for Medicare & Medicaid Services (CMS) has announced the Medicare Part A and Part B premiums and costs for 2019 on October 12th, 2018, one day after the Social Security Administration’s COLA announcement of a 2.8% adjustment for 2019. Read below for the new Medicare costs and coverage information for 2019.
Part A Costs
| 2018 | 2019 | |
| Part A Premium | Most people don’t pay a monthly premium for Part A. If you do buy Part A, you’ll pay up to $422 each month if you paid Medicare taxes for less than 30 quarters. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $232 | Most people don’t pay a monthly premium for Part A. If you do buy Part A, you’ll pay up to $437 each month if you paid medicare taxes for less than 30 quarters. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $240 |
| Part A Deductible & Coinsurance |
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Part B Costs
| 2018 | 2019 | |
| Part B Premium | The standard Part B premium amount is $134 (or higher depending on your income). However, some people who get Social Security benefits will pay less than this amount ($130 on average) | The standard Part B amount is $135.50 (or higher depending on your income). |
| Part B Deductible & Coinsurance |
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2019 Part B & Part D IRMAA Premiums
Individuals whose modified adjusted gross income as reported on their IRS tax return from 2 years ago is above certain thresholds will pay higher amounts for their monthly Part B and Part D premiums.
2019 Medicare Part B Income Related Adjustment Amount |
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| File individual tax return | File joint tax return | File married & separate tax return | You pay each month in 2019: |
| $85,000 or less | $170,000 or less | $85,000 or less | $135.50 |
| above $85,000 up to $107,000 | above $170,000 up to $214,000 | Not applicable | $189.60 |
| above $107,000 up to $133,500 | above $214,000 up to $267,000 | Not applicable | $270.90 |
| above $133,500 up to $160,000 | above $267,000 up to $320,000 | Not applicable | $352.20 |
| above $160,000 and less than $500,000 | above $320,00 and less than $750,000 | above $85,000 and less than $415,000 | $433.40 |
| $500,000 or above | $750,000 and above | $415,000 and above | $460.50 |
2019 Medicare Part D Income Related Adjustment Amount |
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| File individual tax return | File joint tax return | File married & separate tax return | You pay each month in 2019: |
| $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 | $12.40 + your plan premium |
| above $107,000 up to $133,500 | above $214,000 up to $267,000 | Not applicable | $31.90 + your plan premium |
| above $133,500 up to $160,000 | above $267,000 up to $320,000 | Not applicable | $61.40 + your plan premium |
| above $160,000 and less than $500,000 | above $320,00 and less than $750,000 | above $85,000 and less than $415,000 | $70.90 + your plan premium |
| $500,000 or above | $750,000 and above | $415,000 and above | $77.40 + your plan premium |
