Medicare Costs for 2019

Medicare Costs for 2019 have increased nominally compared to a few of the recent years. The 2019 Part B premium increased by $1.50, and the 2019 Part B deductible increased by $2. Below are new 2019 Medicare costs as received from CMS on October 12, 2018.

2019 MEDICARE COSTS
2019 AMOUNT
Medicare Part B Premiums $135.50
Part A Deductible (Inpatient Hospital) $1,364
Part B Deductible (Physician’s Services) $185
Hospital Coinsurance Days 61-90 $341
Hospital Coinsurance Days 91-150 $682
Skilled Nursing Facility Coinsurance $170.50
High Deductible Plan F $2,300
Plan K Out of Pocket Maximum $5,560
Plan L Out of Pocket Maximum $2,780

2019 Medicare Part B Costs

The base premium for 2019 Medicare Part B is $135.50. Part B pricing is based on your income from 2 years prior, therefore your 2019 Medicare Part B costs are based on your 2017 income tax filings. The increased premium over the based amount is called IRMAA and stands for Income-Related Monthly Adjustment AmountIRMAA is an additional amount that some people might have to pay along with their Medicare premium if their modified adjusted gross income (MAGI) is higher than a certain threshold. To avoid confusion, our chart below shows the entire premium you owe for your 2019 Medicare Part B Costs for each income bracket.

If your yearly income in 2017 was In 2019

You Pay

File individual tax return File joint tax return File married & separate tax return
$85,000 or less $170,000 or less $85,000 or less $135.50
above $85,000 up to $107,000 above $170,000 up to $214,000 Not applicable $189.60
above $107,000 up to $133,500 above $214,000 up to $267,000 Not applicable $270.90
above $133,500 up to $160,000 above $267,000 up to $320,000 Not applicable $352.20
above $160,000 up to $500,000 above $320,000 up to $750,000 above $85,000 up to $415,000 $433.40
above $500,000 above $750,000 above $415,000 $460.50

Medicare Part D Costs

2019 Medicare Part D – Plan Costs

2019 AMOUNT

PART D COSTS
Initial Deductible $415
Initial Coverage Limit (ICL) $3,820
Out-of-Pocket Threshold (TrOOP) $5,100
Coverage Gap (Donut Hole) Between $3,820 and $5,100

2019 Medicare Part D – Premium Costs

Base Part D premiums are set by your Part D insurance company. The average premium for 2019 is $33.19.

The increased premium over the based amount is called IRMAA and stands for Income-Related Monthly Adjustment AmountIRMAA is an additional amount that some people might have to pay along with their Medicare premium if their modified adjusted gross income (MAGI) is higher than a certain threshold. To avoid confusion, our chart below shows the entire premium you owe for your 2019 Medicare Part B Costs for each income bracket.

If your yearly income in 2017 was In 2019

Your IRMAA is

File individual tax return File joint tax return File married & separate tax return
$85,000 or less $170,000 or less $85,000 or less $0
above $85,000 up to $107,000 above $170,000 up to $214,000 Not applicable $12.40
above $107,000 up to $133,500 above $214,000 up to $267,000 Not applicable $31.90
above $133,500 up to $160,000 above $267,000 up to $320,000 Not applicable $51.40
above $160,000 up to $500,000 above $320,000 up to $750,000 above $85,000 up to $415,000 $70.90
above $500,000 above $750,000 above $415,000 $77.40

2019 Medicare Advantage & Medigap Pricing

Medicare Advantage Plans and Medigap plans are dicated by the insurance companies. We go into this a little more in our Medicare Advantage vs Medigap article.

2019 Medicare & You Handbook

Medicare costs for 2019