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Medicare and Income Related Adjustments

For most Medicare eligible people, the Part B premium is $104.90 (2014.) Part D premiums are determined every year during open enrollment.  However, you may be required to pay more for these premiums based on your income.

Part B Premium Adjustments

In some cases, you may pay more than the standard Part B premium if your Modified Adjusted Gross Income from your IRS tax return from two years ago indicates that you made more than the following minimums:

  • $85,000 for individual filings
  • $170,000 for married/joint filings

While your premium adjustment can vary year to year according to your income, the following chart outlines what you can typically expect to pay.

Part B Income Adjustments

Part D Premium Adjustments

You may also be assessed an income related adjustment for your Part D coverage. All Part D adjustments are payable to Social Security. The following chart shows estimated premium costs according to income.

Part D Income Adjustments

Appealing your Premium Payments

You are free to appeal the additional fees for your Part B and D premiums if you encounter any of the following financial or life changes:

  • A change to your marital status
  • A reduction in work hours for you or your spouse
  • Loss or retirement from a job for you or your spouse
  • Loss of income-producing property due to events beyond your control, i.e. natural disasters
  • Changes to pension plans for you or your spouse
  • Receipt of settlement from an employer due to employer bankruptcy, reorganization, etc.

Navigating Income Related Adjustments

According to the Centers for Medicare and Medicaid Services, only 5% of Medicare recipients are subject to increased premiums due to income. However, if these additional costs do apply to you, the Wooten Agency is happy to help you navigate these additional fees, as well as help you choose a supplement or drug plan that fits your new insurance budget.












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Regardless of whether you purchase a policy or not, we are always happy to help in any way we can.

Client Testimonials

Medicare & Income Related Adjustments | Wooten Agency

  • "This is a family-owned business who cares about their potential clients. I was looking for help with health insurance and even though it turns out I don't need new health insurance at this time, I feel compelled to write a review because of how thorough Brendan was. He was very knowledgeable and easy-going. He didn't seem pushy at all and listened to everything I had to say. He made sure he was getting all the information correct. I would recommend this agency for any insurance needs." - Doug C.
  • "I sought help from Wooten Agency; Ed, along with Nancy, took the bull by the horns and sorted things out for us very quickly. Shortly thereafter Ginny took over. She is definitely most qualified as a plan selector for Medicare plans and issues related to Medicare. My appreciation to Crystal for the gracious way she always responds to telephone calls and makes every effort to ensure one is not forgotten. And Dana....the one contact we had was enough to find out you are similarly inclined to help a client." - Frank V.
  • "You [Aaron] have been so helpful, and you have all taken a personal interest in my individual and specific questions in order to make the best insurance choices for my needs. Thank you all! I look forward to working together in the future months and years." - Susan H.
Wooten Agency