How Much Does Medicare Part B cost?
Most people have to pay for Medicare Part B, with the exception of certain low income individuals. The basic rate for Part B for 2008 is $96.40/ month. The Part B deductible is $135, which is a calendar year deductible. As of 2007, the higher your income the higher the premium you will pay. The breakdown of income is as follows, and at each income level the premium is increased: $82,000, $102,000, 153,000, $205,000. The premium range is $96.40/mo to $238.40/mo. What is Medicare Part C? Knowing what Medicare is and how it works will help you make the best decision. Most of us in the business know Part C as Medicare Advantage Plan. As you will see below, I’m not an advocate of the Medicare Part C option, and later I will explain why not. Medicare Part C combines your part A and Part B options and must cover all needed medical services. What separates Part C from standard Medicare supplements is that private insurance companies that have met the Medicare guidelines for Part C plans are su
