Your Money: How Medicare Premiums Are Calculated | Business

Your Money: How Medicare Premiums Are Calculated |  Business

As you approach 65, you’ve probably heard of Medicare Benefits Alphabet Soup (Part A, B, etc.). You hope the premiums will be less, but you don’t know how they are calculated.

To some extent, Medicare premiums are what they are. You will end up paying the advertised premium, a little (or even a lot) more, or a little less, without much room for negotiation.

Pay the advertised premium

As mandated by the Balanced Budget Act 1997 (BBA 97), the government typically calculates Medicare Part B “regular” outpatient premiums at 25% of the total cost of the program, with the remainder funded from general revenue. . There have been…

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