2016 Medicare Part B Premiums – Investment News – 11/13/15

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Click to EnlargeMedicare-PartB-Premiums-2016

2016 Medicare Part B Premiums

Remember that the 2016 Medicare Modified Adjusted Gross Income (MAGI) brackets are based on the tax return two years in arrears, which is 2014.

Approximately 30% of current Medicare beneficiaries will not be held harmless.

Here is a hold harmless checklist:

• Not collecting Social Security benefits in November and December 2015.

• Not paying Medicare Part B premiums as a deduction from Social Security benefits from November 2015 through January 2016.

• Currently paying or will be paying in 2016 a Medicare Part B IRMAA.

• Enrolling in Medicare Part B effective Jan. 1, 2016 or after.

Source: InvestmentNews

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