Medicare Part A and Part B Premium & Deductible Archives 2007
This is archive material for research purposes. Please see
PDPFinder.com or
MAFinder.com for current plans.
2007 Part A (Hospital) Monthly Premium & Deductible
You usually don’t pay a monthly Premium for Part A coverage if you or your spouse paid Medicare taxes while working. If you aren’t eligible for premium-free Part A, you may be able to buy Part A if you meet one of the following conditions:- You’re 65 or older, and you have (or are enrolling in) Part B and meet the citizenship and residency requirements.
- You’re under 65, disabled, and your premium-free Part A coverage ended because you returned to work. (If you’re under 65 and disabled, you can continue to get premium-free Part A for up to 8 1/2 years after you return to work.)
The Medicare Part A deductible for all Medicare beneficiaries is $992.
2007 Part B (Medical) Monthly Premium & Deductible
How Much Does Part B Coverage Cost? You pay the Part B premium each month. Most people will pay up to the standard premium amount. However, if your modified adjusted gross income as reported on your IRS tax return from 2 years ago (the most recent tax return information provided to Social Security by the IRS) is above a certain amount (see chart below), you may pay more. This is called the income related monthly adjustment amount (IRMAA).Your modified adjusted gross income is your adjusted gross income plus your tax exempt interest income. Each year, Social Security will notify you if you have to pay more than the standard premium. The amount you pay can change each year depending on your income. If you have to pay a higher amount for your Part B premium and you disagree, you can appeal the IRMAA.
2007 Part B Deductible
The 2007 Medicare Part B annual deductible is $131.
2007 Part B Premium
| If Your Yearly Income is | ||
| File Individual Tax Return | File Joint Tax Return | You pay |
| $80,000 or less | $160,000 or less | $93.50* |
| $80,001-$100,000 | $160,001-$200,000 | $105.80* |
| $100,001-$150,000 | $200,001-$300,000 | $124.40* |
| $150,001 - $200,000 | $300,001 - $400,000 | $142.90* |
| Above $200,000 | Above $400,000 | $161.40* |
| *If you pay a late-enrollment Penalty, this amount is higher. | ||
2007 Part C (Medicare Advantage) Monthly Premium
Medicare Advantage plan premiums*, deductibles, and benefits will depend on the Medicare Advantage plans available in your service area (county or ZIP code). Along with your Medicare Advantage plan premium, you must continue to pay your Part B premium (and Part A premium if you do not receive your Medicare Part A coverage premium-free).The 2007 Medicare Advantage plan premiums range from $ to $397.
*If you pay a late-enrollment Penalty, your monthly premium is higher.
2007 Part D (Medicare Prescription Drug Plan) Monthly Premium & Deductible
Medicare Prescription Drug Plan (Part D) premiums*, deductibles, and benefits vary by plan and state. Remember that you can receive Part D prescription drug coverage from a stand-alone Medicare Part D plan (PDP) or a Medicare Advantage plan that includes drug coverage (MAPD).The 2007 Part D plan premiums range from $1 to $140.
The 2007 standard Part D plan deductible is $265, however the actual plan deductible can be anywhere from $0 to $265.
*If you pay a late-enrollment Penalty, this amount is higher.