Is Medicare Income Based?
- 47 POINTSview profileKevin HaneyA.S.K. Benefit Solutions, New JerseyThe amount a qualified individual pays for Medicare is income based. Part A is most frequently a premium free benefit. Most applicants pay the same rate regardless of income. Part B premiums are scaled based upon annual income, starting at $149 per month. Part D (prescription drugs) requires earners with higher incomes to pay a higher fee which goes directly to the general Medicare fund.Answered on June 6, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! Medicare was set up originally to provide all seniors with affordable health care, so the Medicare part B benefit is typically free. The additional parts though, parts A and the prescription benefit part D do have a sliding scale of cost based upon your income level. Part B will set you back a minimum of $149 a month. Please get with a professional, and have them help you set up a plan that works for you. Thanks for asking!Answered on June 6, 2014flag this answer
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