Medicare Part D Premiums
Medicare Part D premiums range from between $10 and $100 per month. The amount depends on what plans are available in your area as well as the particular plan you choose. The maximum deductible in 2016 is $360. This is the amount you must pay out-of-pocket before Medicare will contribute to your prescription costs.
The charts below show your estimated prescription drug plan monthly premium. These numbers are based on your income as reported on your IRS tax return from both 2 years ago and last year. If you receive income that is above a certain limit, you will have to pay an income-related monthly adjustment amount. This amount will be in addition to your plan premium.
|If your filing status and yearly income in 2014 was|
|File individual tax return||File joint tax return||File married & separate tax return||You pay (in 2016)|
|$85,000 or less||$170,000 or less||$85,000 or less||your plan premium||above $85,000 up to $107,000||above $170,000 up to $214,000||not applicable||$12.70 + your plan premium||above $107,000 up to $160,000||above $214,000 up to $320,000||not applicable||$32.80 + your plan premium||above $160,000 up to $214,000||above $320,000 up to $428,000||above $85,000 up to $129,000||$52.80 + your plan premium||above $214,000||above $428,000||above $129,000||$72.90 + your plan premium|
Ready to explore plan options? Let us help you navigate. Please either call us at 203-796-5403 or email us at [email protected] for more information.