2014 Medicare Costs

Medicare Part A (Hospital Insurance) Costs

Part A Monthly Premium

Most people don’t pay a Part A premium because they paid Medicare taxes while working.  If you don’t get premium-free Part A, you pay up to $426 each month.

Hospital Stay

In 2014, you pay:

$1,216 deductible per benefit period

$0 for the first 60 days of each benefit period

$304 per day for days 61–90 of each benefit period

$608 per “lifetime reserve day” after day 90 of each benefit period (up to a maximum of 60 days over your lifetime)

Skilled Nursing Facility Stay

In 2014, you pay:

$0 for the first 20 days of each benefit period

$152 per day for days 21–100 of each benefit period

All costs for each day after day 100 of the benefit period

Medicare Part B (Medical Insurance) Costs

Part B Deductible - $147 per year

Part B Monthly Premium with Income Adjustments

You pay a Part B premium each month. Most people will pay the standard premium amount.  However, if your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you may pay more.

If Your Yearly Income in 2012 was

You pay

(in 2014)

File Individual Tax Return

File Joint Tax Return

File Married &

Separate Tax Return

 

$85,000 or less

$170,000 or less

$85,000 or less

$104.90

above $85,000

up to $107,000

above $170,000  

up to $214,000

N/A

$146.90

above $107,000

up to $160,000

above $214,000

up to $320,000

N/A

$209.80

above $160,000

up to $214,000

above $320,000

up to $428,000

above $85,000

up to $129,000

$272.70

above $214,000

above $428,000

above $129,000

$335.70

 

Part D Monthly Premium with Income Adjustments

The chart below shows your estimated prescription drug plan monthly premium based on your income.  If your income is above a certain limit, you will pay an income-related monthly adjustment amount in addition to your plan premium.

If Your Yearly Income in 2012 was

 

 

You pay (in 2014)

File Individual Tax Return

File Joint Tax Return

File Married &

Separate Tax Return

 

$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

N/A

$12.10 + Your Plan Premium

above $107,000

up to $160,000

above $214,000

up to $320,000

N/A

$31.10 + Your Plan Premium

above $160,000

 up to $214,000

above $320,000

up to $428,000

above $85,000    

up to $129,000

$50.20+ Your Plan Premium

above $214,000

above $428,000

above $129,000

$69.30+ Your Plan Premium