Medicare surcharge changes
Some high-income retirees, defined as individuals with modified adjusted gross income (MAGI) exceeding $85,000 and married couples with MAGIs topping $170,000, will pay even more for both Medicare Part B and Medicare Part D prescription drug plan premiums in 2018.
Although the Medicare Part B monthly surcharges, ranging from $187.50 to $428.60 per person, remain the same this year, some of the income tiers that trigger those premiums have changed. This year’s premiums are based on 2016 tax returns. As a result, individuals with incomes exceeding $133,500 and married couples with incomes topping $267,000 in 2016 will pay higher Medicare premiums in this year even if their 2016 income did not increase from 2015.