Some higher-income seniors will have to pay up to $80 more a month for Medicare in the next few years, a new analysis finds.
To pay for repealing a much-maligned Medicare payment formula, Congress earlier this year agreed to raise premiums for certain high-income seniors. Those rate increases are set to go in effect in 2018 for Part B and Part D premiums, according to an analysis from the Kaiser Family Foundation released Wednesday.
Part B premiums for Medicare beneficiaries with incomes from $133,501 to $160,000 would cost $310 per month as opposed to $238. Those in Part B making between $160,001 to $214,000 would see monthly premiums rise from $310 to $381 per enrollee.
By contrast, premiums for beneficiaries who have up to $85,000 in income currently cost $105 a month for Part B and $33 for Part D.
The revenue would generate $34 billion from 2018 to 2025, according to the Congressional Budget Office.
Kaiser emphasized that the increase would affect 2 percent of beneficiaries.
