Medicare Part A is your hospital insurance, and you usually don’t pay a monthly premium if you or your spouse paid Medicare taxes for a certain amount of time while working. Medicare Part B is your medical insurance. The standard Part B premium in 2021 is $148.50. You can pay more based of your reported tax returns from 2 years ago and IRMAA rules. For people with low income who cannot afford to pay the monthly  Part B premium there is federal/state programs that can help you with your premiums, co-pays, co-insurance, and deductibles if you meet all the requirements. 

If you have questions regarding IRMAA, federal/state programs, or if you want a plan that best fits your needs, health, and budget. Call me at 727-688-3330 for a free phone consultation.

If you didn’t know. Now you know.

Jacob Torres with Best Advice Medicare