HIGHER
INCOME MEANS
HIGHER PART "B" PREMIUM
In 2007, nursing home residents with higher incomes will pay a higher Medicare Part B premium, reported the Kaiser Daily Health Policy Report.
In
total, 1.2 million Medicare beneficiaries will be affected in 2007 with
an increase to 2.8 million affected beneficiaries by 2013. Residents
and other seniors with higher incomes will pay an income-based surcharge
on the standard Part B monthly premium, the report stated. In 2007,
the current Part B premium is $98.40 a month, but residents with adjusted
gross annual incomes of $80,000 to $100,000 will pay $111.50, or a 13.3%
increase. Residents with adjusted gross annual incomes of more than
$200,000 will see their monthly premium
increase to $170.50, or a 73.3% increase. The hange in Part B premiums
is expected to increase federal revenue by $20.8 billion from 2007 to
2016, the report stated.
From
CLTC Weekly, September 12, 2006