Medicare Part Aprovides hospitalization coverage to individuals 65 years or older, regardless of income. You or your spouse must have worked and paid Medicare taxes for at least 10 years to qualify.5Most people don't pay a premium for Part A, but deductibles andcoinsuranceapply.6 Part B: Me...
participants who pay premium surcharges known as income-related monthly adjustments because their income exceeds a threshold set by Medicare.6For 2025, that group includes individuals with amodified adjusted gross income (MAGI)of $106,000 or more and joint filers with a MAGI of $212,000 or ...
If you (or you and your spouse, if you file jointly) have a higher income, you’ll pay a higher premium. Here’s the breakdown, according to 2025 yearly Modified Adjusted Gross Income (MAGI): For individuals filing separatelyFor married couples filing jointlyYou pay in 2025 ...
For people on Medicare, MAGI dictates whether you owe monthly premium surcharges for Parts B and D coverage. The confusing part is that the definition of modified adjusted gross income often differs depending on what it is used for. However, the one constant of MAGI is that it always ...
Marriageordivorce Birth oradoption Child on your policy turning 26 or adependentchanging their status so they are no longer your dependent Changes in individual or household income Changes in physical address Someone in your household getting coverage via Medicaid, Medicare, or Children’s Health Insu...