Medicare Part B Premiums Remain Static

January 14, 2014

Employee Benefit & HR News

Medicare Part B monthly premiums remain at $104.90 for most enrollees for 2014. And, for those with higher incomes, Part B premium rates did not rise for this year either. Please make note that for those with higher incomes, the Income Related Monthly Adjustment surcharge on Part D drug plans did increase for 2014. This IRMA charge can add up to $69.30 onto your monthly drug plan premium, so it’s important to monitor.

For additional information and a chart outlining Part B costs and Part D surcharges, please check the here at the Medicare website: http://www.medicare.gov/your-medicare-costs/costs-at-a-glance/costs-at-glance.html#collapse-4811 . As always, when you have questions please contact your J.W. Terrill consultant.

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About Kevin Guss

Kevin J. Guss is a Consultant with our Private Client Benefit Services, specializing in providing individual health coverage (on and off-exchange), Medicare supplements, life, LTC and disability insurance to clients of J.W. Terrill and strategic partners. With more than 22 years of industry experience, Kevin counts many retired professional athletes, celebrities, business leaders and prominent members of the community among his clients. He has a Group Benefits Associate designation from the Wharton School of the University of Pennsylvania, a Past President of St Louis Association of Health Underwriters and a current board member of the MO Association of Health Underwriters.

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