Let’s break down what this acronym means. Calendar Year (CY) 2024 Medicare Physician Fee Schedule Final Rule. For higher-income beneficiaries, a surcharge known as the income-related monthly adjustment amount, or IRMAA, is added on top of the standard premium for. Reimbursement of Income Related Monthly Adjustment Amount (IRMAA). Total monthly premium amount. Part B IRMAA is the surcharge that can apply for Medicare Part B coverage. After your income surpasses that, you'll enter the phase-out range, and your. There's no yearly limit on what you pay out-of-pocket, unless you have supplemental coverage,. 50, imposed on modified adjusted gross incomes equal to or greater than $500,000 for individuals and $750,000 for married couples filing jointly. No income for 2 years since laid-off and hitting 65 in a few months. 90 per month to $81 per month, depending on salary. For 2023, high-income taxpayers will have to pay a standard monthly. If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you’ll pay the standard Part B premium and an income-related monthly adjustment amount. It is expected that tiers 1-4 will increase by 2% year over year. Beneficiaries who file individual tax returns with modified adjusted gross income: Beneficiaries who file joint tax returns with modified adjusted gross income: Income-Related Monthly Adjustment Amount. 00. The standard monthly premium for Medicare Part B enrollees will be $164. Income has a direct impact on how much you pay for Medicare. 00 . In 2024, if your income. Medicare-eligible retirees and their Medicare-eligible dependents can submit an IRMAA application if they paid above the standard amount of $170. 90 in 2023. if inflation is 0% from September 2022 through August 2023, congress doesn't change the law,. What are the Medicare income limits for 2024? The income threshold for full benefits currently is 135 percent of the federal poverty guideline ($19,683 for an individual in 2023). You can complete Form SSA-44 and mail or bring it to your local Social. The percentage paid by high-income beneficiaries ranges between 35 and 85 percent, depending on their income as reported. 5 For Married Filing Separately: Those with MAGI from 2021 of $97,001–402,999 are subject to a surcharge of $362. And the more you earn, the more you’ll pay. IRMAA surcharges for Part B are also. ) In the deductible phase, Part D enrollees pay 100% of their drug costs, up to $505 in 2023. The issue, though, is that your Social Security benefit pays for these IRMAA surcharges automatically. 50 per month (also a decrease from 2022). They will pay $164. IRMAA charges are determined by using the modified adjusted gross income (MAGI) reported on your taxes from two years prior. 00. For example, in 2023, individuals with an annual income of $97,000 or less paid a standard premium of $164. How much is the Medicare premium for 2023? on your income. The true cost of Part B that IRMAA beneficiaries pay is 35% for level 1, 50% for level 2, 65% for level 3, 80% for level 4, and 85% for level 5. For 2023, the amount an individual can contribute via payroll deduction to defined contribution plans (a 401(k), 403(b), 457 retirement plan or the Thrift Savings Plan) increases to $22,500, an increase of. Medicare Part B Income-Related Monthly Adjustment Amounts. Re: IRMAA Question. The cumulative tax rate will be 24% if they convert $165,000 and stop before the second IRMAA tier, 26% if they convert $230,000 and stop before the third IRMAA tier, and so on. 94%. One dollar over the limit, and you pay the penalty all year. It is possible that the increase in Social Security income in 2023 could trigger IRMAA for some retirees in 2025. Medigap policies are sold by private companies, and they cover co-pays and deductibles that Medicare doesn't normally cover. Less than or equal to $91,000. 35 for brand-name prescriptions will be required of you in 2023. Similar for me. 50 (monthly plan premium + $31. Remember you read them here first! 👇. 70. The standard monthly premium for Medicare Part B enrollees will be $174. IRMAA Percentage Tables, Medicare Part B Premium Year 2023 The income limits for Medicare Extra Help for 2023 are $22,110 for an individual and $29,820 for a married couple living together. There’s. For example, the highest income bracket for Part B now starts at $750,000 of MAGI, instead of $500,000. The income-related monthly adjustment amount (IRMAA) has increased to $97,000 for individuals and $194,000 for couples. $0. Our 2021 income was going to escalate my premiums by two levels with Aunt IRMAA—or so I was initially informed. The usual Half B premium is $164. IRMAA concerns for 2025. $0. File joint tax return. And contribution limits for IRAs were also increased by an additional $500, to $6,500 for 2023. Since MAGI gets reported each year, the IRMAA can change every year. Less than or equal to $103,000. They both plan on retiring on July 1, 2024 and will. 10. B. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024, an increase of $14 from the annual deductible of $226 in 2023. Your personal Roth IRA contribution limit, or eligibility to contribute at all, is dictated by your income level. The surcharge for Part B ranges this year from $68 to $408. Note: unfortunately, the previous 2 Medicare Board of Trustees Reports (2022 and 2021) due to circumstances on coverage and Covid-19 do not reflect. Ordinarily, the following year is expected to be a little higher, but if you are wanting something sort of rock solid safe, I think $103k is a good limit for 2023 income (for use in avoiding IRMAA in 2025). You pay higher Medicare Part B and Part D premiums if your income exceeds certain thresholds. 90 in 2023. The increase in the 2024 Part B standard premium and deductible is. 40, bringing the total monthly cost for Part B to $504. also, based on no inflation, to avoid IRMAA, the 2023 Joint filing income limit is estimated to be $210,000. For 2023, the IRMAA monthly surcharge for Medicare Plan B ranges from $230. Please note that an individual with MAGI between $133,500 and $160,000 will see a monthly IRMAA increase from $34. This means that the IRMAA Brackets, by law, will increase at the same rate. Like Medicare Part B, Medicare Part D prescription drug plans use the IRMAA to determine plan premium costs by income level. Greater than $91,000 and less than $409,000. In 2003, IRMAA was added as a provision to the Medicare Modernization Act. 90 a month to $329. will increase from $505 in 2023 to $545 in 2024. For 2023, the immunosuppressive drug premium is $97. Beneficiaries Affected by Income-Related Monthly Adjustment Amount (IRMAA) (Premium Year 2020):. For 2023, the thresholds are $97,000 and $194,000. The new 2024 monthly premium will be $9. In 2023, the standard premium is $164. CMS’s goals for Medicare Advantage and Part D mirror our vision for the agency’s programs as. Greater than $103,000 and less than $397,000. Nov 21, 2023, 10:09am EST. Call +1 800-772-1213. portfolio income from things like capital gains or Roth conversions are not. The average total Part D premium is the sum of the average basic premium and the average supplemental premium for plans with enhanced coverage and is the most accurate current projection of what. IRMAA represents the additional amount that some people might have to pay for their Medicare Part B (medical insurance) or Part D (Medicare prescription drug plans) coverage. Our 2021 income was going to escalate my premiums by two levels with Aunt IRMAA—or so I was initially informed. IRMAA surcharges have grown steadily. retirement Medicare Four Things to Know if Medicare’s IRMAA Kicks In The income-related monthly adjustment amount, known as IRMAA, happens when your. If your income is above a certain limit, you’ll pay an income-related monthly adjustment amount in addition to your plan premium. The Part B basic premium in calendar year 2023 is scheduled to be $164. are considered Medicare Part D plans and members with higher incomes may be subject to the Medicare Part D Income Related Monthly Adjustment Amount (IRMAA. The Social Security Administration (SSA) uses Federal income tax return information from the Internal Revenue Service (IRS) about beneficiaries’ modified adjusted gross income (MAGI) to make IRMAA determinations (see HI 01101. In its annual report released in March of this year, the Medicare Trustees forecast monthly Part B premiums to increase from $164. 318. Less than or equal to $97,000. 2. 40 per month per person. Medicare-eligible retirees and their Medicare-eligible dependents can submit an IRMAA application if they paid above the standard amount of $170. Any changes to your income and IRMAA premiums can be appealed. Overview of the 2024 IRMAA Brackets Individual $103,000 or less/MFJ $206,000 or less – No surcharge To illustrate this challenge, note that numerical examples here use the 2023 tiers, based on 2021 income, but it is likely (e. Here are the brackets for 2023: 2021 Individual tax return. The annual deductible for all Medicare Part B beneficiaries will be $240. 80 per month increase from the 2023 Part B premium of $164. The Part B premium will increase to $148. 90 per month (no IRMAA surcharge). Learn more about IRMAA here. Less than or equal to $103,000. 2021 income: $88,001 to $111,000 (individual return or filing separately) or $176,001 to. Just like with your Part B coverage, you’ll pay an increased cost if you make more than the preset income level. 90 in 2023. will increase from $4,660 in 2023 to $5,030 in 2024. 141, rounded up to the number of digits shown. $97,000 or less. On November 12, 2021, the Centers for Medicare & Medicaid Services (CMS) released the 2022 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2022 Medicare Part D income-related monthly adjustment amounts. That full table is presented next. The modified adjusted gross income is the amount that counts toward the income limit. 20 per month to an additional $76. Click here for the form. I have a fat 401-K, so no real money worries (unless both stocks and bonds crash, plus inflation). The categories of income for Medicare IRMAA 2023 are the same for both Part B and Part D, but the amount of IRMAA you must pay in each category isn’t the same. Here are the brackets for 2022: Projected IRMAA brackets for 2023. 00. Medicare premiums increase as your income grows through Income-Related Monthly Adjustment Amount (IRMAA), which is an additional surcharge for higher-income individuals on top of the 2021 Medicare Part B baseline premium of $148. 0960-0784 . IRMAA, again, is a cliff penalty. Here is an excerpt: "It’s too early to know what the 2023 IRMAA brackets will be. Income-related monthly adjustment amount. The. Because the sum of the Sep 2021 to Nov 2021 CPI-U values is 828. Total Monthly Premium Amount. 2021 Extra Help Income Limits: Full Subsidy––Below 135% of poverty guidelines (below $17,388. The notification will provide your income, the IRMAA surcharge and how. The contribution and income limits for workplace retirement plans, Traditional and Roth IRA, FSA, and HSA will go up in 2024 to adjust for inflation. , does not overstate the retiree’s reduction in state income tax) to assume the IRA distributions are subject to state income tax. Each individual reports the type and date of the life-changing. *Housing Income Limits (HILs) were previously called the Core Need Income Thresholds (CNITs). The first thing you should do is review your income from the relevant year and see how it stacks up against the new IRMAA thresholds. Total Monthly Premium. 60 and $594. The standard monthly premium for Medicare Part B decreased by $5. 20 per month ($650. 7 million, after the inflation adjustments. In 2024, the standard Part B monthly premium is $174. 30 a month during 2022. B. In 2021, the income thresholds were more than $88,000 for an individual and more than $176,000 for married couples filing jointly. Starting in 2024 and lasting through 2030, the IRA limits Part D premium growth to no more than 6% per year. 45% on all earnings, even those above the maximum Social Security tax limit. IRMAA 2022 annual reimbursements will be issued during the 3rd week of October 2023. For that 7%, the premium is structured as a two-part assessment: the basic assessment of $164. However, for those above the IRMAA threshold, premiums range between $230. 2024 Medicare Part D Income Related Adjustment Amount (IRMAA) Income Brackets: If your filing status and yearly income in 2022 (filed in 2023) was: File individual tax return: File joint tax return: File married & separate tax return: You pay each month for Part D (in 2024) $103,000 or less: $206,000 or less: $103,000 or less: no IRMAA, only. The first income threshold for 2023 Medicare premiums will be at least $95,000 if the average CPI-U for Sep 2021 to Aug 2022 is at least. 847, for the Sep. will increase from $7,400 in 2023 to $8,000 in 2024. We also expect the IRMAA threshold will increase to more than $91,000 for individuals and $182,000 for joint. Part B IRMAA,. Filing Joint Tax Return. 50 could be added to your Part B premium, and a maximum of $76. Revenue Service (IRS) tax return from 2 years ago is above a certain amount, you may pay an Income Related Monthly Adjustment Amount (IRMAA). Part D premiums are dictated by the Part D plan carrier, but beneficiaries with an income over the IRMAA limit must pay an additional amount. Married Submitting Individually >= $403,000. 2023 Full Low-Income Subsidy Income Requirements (135% of FPL). They will pay $164. You’ll also have to pay. Income-Related Monthly Adjustment Amounts (IRMAA) are capped at $560. Income-related monthly adjustment amount. 4% in 0224 00:27. extra amount is called the Part D Income Related Monthly Adjustment Amount, sometimes called “Part D IRMAA”. 2023 2024 401k 403b 457 IRA FSA HSA Contribution Limits. 00. 50 a month or $6,732 for the year. There are also three tax filing status levels. In 2023, it can more than triple Part B premiums to as much as $560. 2024 IRMAA Updates: The standard Medicare Part B premium is set at $174. 10 per month. For those with an income filing status of married filing jointly, the first IRMAA income bracket is. begins once you reach your Medicare Part D plan’s initial coverage limit ($5,030 in 2024) and ends when you spend a total of $8,000 out-of-pocket in 2024. 030: IRMAA Determination Process: TN 3 11-10: HI 01101. Thanks,. $103. com. Since they will file as married filing jointly, the following applies for 2023: Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses with modified adjusted gross income: Income-Related Monthly Adjustment Amount. Suppose you’re single and your 2021 modified adjusted gross income placed you at the top of the first 2023 IRMAA bracket, which is $97,000 to $123,000. 60%. NF1135 2023 IRMAA Notice. Donors age 70½ or older may use qualified charitable distributions. 70 per month in this bracket in 2023. File individual tax2 The 2023 Star Ratings used for 2024 Quality Bonus Payments (that were made public in October 2022). The Medicare Part B standard monthly premium is $164. Please check my thinking on a couple of things: 1. 10 to as. The federal government will collect $20. According to the Centers for Medicare and Medicaid Services, the 2022 Medicare. 70. As we’ve discussed, IRMAA applies to both Medicare Part B and Part D. The income brackets for high-income premium adjustments for Medicare Part B and D start at $91,000 for a single person, but this threshold is expected to increase to $97,000 or $98,000 in 2023. There’s even more good news. If your yearly income in 2021 was File individual tax return File joint tax return File married & separate tax return You pay (in 2023) $97,000 or less $194,000 or less $97,000 or less Your plan premiumMarried Submitting Collectively: >= $750,000. 40 per year) to $54. Here are the IRMAA income brackets for 2022 2023, and 2024. pdf Author: MPB4 Created Date: 1/4/2023 11:28:15 AM. Roth Conversion Consideration for IRMAA 2023. Applying for Medicare Extra Help can be done online, in person at a local Social Security office, or by phone at 800-772-1213. My husband turns 65 in 2025 and we know that any IRMAA penalty will be based on our income this year. Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses, with modified adjusted gross income: Income-related monthly adjustment amount. 70 (normal $164. Under § 156. the Low-Income Subsidy program (LIS) under Part D will be expanded so that beneficiaries who earn between 135 and 150 percent of the federal poverty level and meet statutory resource limit requirements will receive the full LIS. 65%. That's more or less how I do it. Medicare Part D. IRMAA is a surtax that increases with higher levels of income. The IRMAA income brackets for 2023 determine whether you’ll be subject to the additional surcharge and how much you’ll have to pay. CMS’s goals for Medicare Advantage and Part D mirror our vision for the agency’s programs as. It’s how it works! As you’re probably aware, the standard premium for Medicare Part B is $170. Total Monthly Premium Amount. 50 in 2024. And the income ceiling for contributions to Roth IRAs was also raised to account for inflation. We also expect the IRMAA threshold will increase to more than $91,000 for individuals and $182,000 for joint. The extra amount that higher-income individuals must pay is called an Income Related Monthly Adjustment Amount. m. 60. So, whether or not you owe IRMAA in 2023 is based on your Modified Adjusted Gross Income in 2021. The income-related monthly adjustment amount (IRMAA) sliding scale is a set of statutory percentage-based tables used to adjust Medicare Part B and Part D prescription drug coverage premiums. $97. 50 IRMAA surcharge) Example 2: Alison and Jeremiah are married with a MAGI of $300,000 in 2021. However, high earners could be saddled with a monthly payment of up to $560, depending on their income bracket. For example, in 2023 the IRMAA brackets look like this: For example, in 2023, if a married couple on Medicare had income of $194,000 in 2021, each person will pay $164. Your Part D Premium will depend on the plan you choose. The chart below shows your estimated prescription drug plan monthly premium based on your income as reported on your IRS tax return. Because we have a marginal income tax rate, if you are bumped into the next higher tax bracket, only your extra dollars of income over the limit are taxed at the. You'll also learn what IRMAA is and how to avoid IRMAA this year. 90 per month in 2023. QCDs are direct gifts from an individual retirement account to an eligible charity, and may reduce your adjusted gross income. For 2024, the Part B premium is $174. $103k is almost certainly going to be the actual number for 2024 (based on 2022 income) for a single. 40 . 90 a month. Continuing inflation and a shift in policy for the drug Aduhelm will change Medicare’s income-related monthly adjusted amount (IRMAA) brackets and the 2023. The numbers depicted here are based on the Social Security Administration’s (SSA) most current records. 00. Then there was another $31. If your income is above a certain limit, you'll pay an income-related monthly adjustment. However, by law, the IRMAA Brackets adjust according to the Consumer Price Index for Urban Consumers (CPI-U). $97,000 or less. 20 to $164. However, if your individual income goes above $97,000, or $194,000 if filing taxes jointly, you'll pay the following income-related monthly adjustment amounts (IRMAA) in addition to the standard premium: · $238. this site may help you out and you can see where I got the $210,000 from. 20, depending on income. 90 in 2023. $97,001 – $123,000. The annual deductible for all Medicare Part B beneficiaries is $226 in 2023, a decrease of $7 from the annual deductible of $233 in 2022. The term ‘ IRMAA ‘ stands for Income-Related Monthly Adjustment Amount. This is down $5. Beneficiaries who file individual tax returns with modified adjusted gross income: Beneficiaries who file joint tax returns with modified adjusted gross income: Income-Related Monthly Adjustment Amount. Depending on your income, a maximum of $560. In 2023, it can more than triple Part B premiums to as much as $560. 20). $0. 00. Unfortunately, though, the Medicare Part B premium inflated by 5. Less than or equal to $194,000. 2023 Medicare Amounts. $103k is almost certainly going to be the actual number for 2024 (based on 2022 income) for a single. 10 in 2022. For that 7%, the premium is structured as a two-part assessment: the basic assessment of $164. Less than or equal to $97,000 Less than or equal to $194,000In order to appeal IRMAA you will need to fill out form SSA-44 titled “Medicare Income-Related Monthly Adjustment Amount – Life Changing Event”. IRMAA can apply to either Medicare Part B or Medicare Part D premiums. 90 a month to $329. The calculation for IRMAA covers five income levels. 80 and $560. This income is. Since 2007, a beneficiary’s Part B monthly premium is based on his or her income. In 2023, it can more than triple Part B premiums to as much as $560. You can find the tables below for individuals with income greater than $97,000 (or joint filers with income greater than $194,000). less than $412,000 ; $326. 2023 Medicare Part D Income Related Adjustment Amount (IRMAA) Income Brackets: If your filing status and yearly income in 2021 (filed in 2022) was: File individual tax return: File joint tax return: File married & separate tax return: You pay each month for Part D (in 2023) $97,000 or less: $194,000 or less: $97,000 or less: no IRMAA, only your. 70 for 2024, an increase of $9. 1105. The standard deduction is the fixed amount the IRS allows you to deduct from your annual income even if you don’t itemize your tax return. The annual deductible for all Medicare Part B beneficiaries will be $240. October 12, 2023 in Taxes. 90 to $395. People who qualify for Medicaid automatically qualify for Medicare Part D Extra Help. For couples who file a joint tax return, that threshold is $194,000 per year. Tax filing levels. According to latest Medicare Board of Trustees report from the IRMAA brackets will increase by over 6. 80 in. The minimum monthly Medicare Part B premium in 2023 is $164. 49 in 2023 to $55. The Part B insurance premium is set annually by the CMS. 030: IRMAA Determination Process: TN 3 11-10: HI 01101. Less than or equal to $194,000. In 2023, Medicare beneficiaries with a modified adjusted gross income above $97,000 have an income-related monthly adjustment (IRMAA) added to their Medicare Part B premiums. 90 per month. 84%. 70, increasing by about $9 from the previous year. For 2023, the amount of earnings that will have no effect on eligibility or benefits for SSI beneficiaries who are students under age 22 is $8,950 a year. If they have income of $194,001, (just $1 more!) they will each pay $230. Retirement plan at work: Your deduction may be limited if you (or your spouse, if you are married) are covered by a retirement plan at work and your income exceeds certain levels. The Part D IRMAA brackets remain unchanged. Total monthly premium amount. The standard Part B premium in 2023 is $164. Please reference our article with Important Tables for 2023 to see the Federal Income Tax Brackets and IRMAA thresholds. gov. 2023 IRMAA Brackets. 00 for a two-person family in the contiguous States and D. The MAGI used to determine if the income-related monthly adjustment amount (IRMAA) applies is the most recent tax information that IRS is able. 20 to $76. The following are the income thresholds that apply for the 2023 tax year: Part B IRMAA Brackets : Individuals with a 2021 income of $97,000 or less (or married couples filing jointly with an income of $194,000. 1. But only a small percentage of all Medicare recipients have incomes high enough to warrant charging this amount. IRMAA tiers are based upon income and tax filing status. 60. The annual deductible for all Medicare Part B beneficiaries will be $240 in. The IRMAA income brackets for 2023 determine whether you’ll be subject to the additional surcharge and how much you’ll have to pay. Beneficiaries who file individual tax returns with modified adjusted gross income: Beneficiaries who file joint tax returns with modified adjusted gross income: Income-Related Monthly Adjustment Amount. 00. That high income will determine your 2024 IRMAA (unless you have another life changing event). 1. 90 each month ($174. Because we have a marginal income tax rate, if you are bumped into the next higher tax bracket, only your extra dollars of income over the limit are taxed at the. According to the Medicare Board of Trustees, who oversee the financial operations of Medicare, costs of. 2021 Medicare Part D plan premiums, based on income level from 2019, are as follows: Medicare Part D IRMAA. 73% to. 400% of that would be $120,000. 10 to as. 80 for a total of $3955. Medicare premium surcharges. The table below shows the income limits and potential Medicare Part B premiums for 2023: And for a comparison, the table below shows the income limits and potential Medicare Part B premiums for 2024: Call +1 800-772-1213. Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses, with modified adjusted gross income: Income-related monthly adjustment amount. IRMAA for 2022 and 2023 have not been published yet. Most people pay the standard Part B premium amount. Substantial Gainful Activity (2023): $1,470 per month for people who are not blind $2,460 per month for people who are blind Trial Work Period Service Month (2023): $1050 per month Number of OASDI Beneficiaries (as of 12/31/22): Total OASDI beneficiaries: Retired workers and family members: Retired workers: Spouses: 66. If one of these events affects a Medicare enrollee, he or she can proactively notify the SSA by using a “ Medicare Income-Related Monthly Adjustment Amount – Life-Changing Event “ form. S. For 2023, the provincial income thresholds and the British Columbia tax reduction have been indexed. will be increased by $25 to $505 in 2023. 00. Beyond that, there are steps you can take now to avoid IRMAA charges in the future. Your Income-Based Adjustment. The standard Part B premium for 2023 is $164. Beneficiaries who file individual tax returns with modified adjusted gross income: Beneficiaries who file joint tax returns with modified adjusted gross income: Income-Related Monthly Adjustment Amount. 10. $0. Filing Status Matters. Minimizing Taxes In Retirement is a sure way to increase your retirement income. My understanding is that. On average the IRMAA Brackets have inflated from 2007 to 2021 as follows: 1st Surcharge Bracket: 4. (For 2022, the standard Part B premium amount is $170. 10 for. up from $329. The COLA in 2024 is likely to cover the full Part B premium for most people. The Medicare Part B premiums, the IRMAA brackets and add-on were just announced. If your income in 2020 was less than or equal to $91,000 as an individual, or less than or equal to $182,000 as a married couple, you did not pay IRMAA in 2022 and the. It’s an extra charge added to your standard Part B premium if your Modified Adjusted Gross Income (MAGI) exceeds a certain threshold. Use Form Medicare Income-Related Monthly Adjustment Amount – Life-Changing Event to report a major life-changing event. Page 1 of 8 OMB No. . Your 2023 IRMAA is based on your 2021 Federal tax filing. According to latest Medicare Board of Trustees report from the IRMAA brackets will increase by over 6. which can be used to limit future Part B premium increases. According to the announcement, only 7% of beneficiaries pay more than the basic premium. Kaiser Family Foundation Medicare Policy Issue Brief ,.