2011 MEDICARE COST SHARING (SENIORS TO GET LESS in SS CHECK)
Beginning in 2011, people who pay the income-related Part B premium will also pay an additional income-related Part D premium, known as a monthly adjustment amount. The monthly adjustment amount is not related to the premium of the plan in which such beneficiaries are enrolled, but is based on a percentage of the Base Beneficiary Premium for the year as determined by CMS. Thus, an individual with modified adjusted gross income of $86,000 will have a Part D monthly adjustment amount of $12.00 withheld from his/her check regardless of whether s/he enrolls in a plan with a premium of $14.85 or a premium of $40.
The monthly adjustment amount will be paid directly to Medicare through withholding from Social Security checks. Beneficiaries who pay the Part D monthly adjustment amount will continue to pay their regular Part D premium to the drug plan in which they enroll.
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