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The following charts show the 2007 employer contributions and premiums for Medicare Retirees.
1 Party
Individual
Income Level |
2007 Premiums |
State's Contribution 100/90 Formula |
Balance after Premium Payment |
Medicare Part B Premiums |
Difference after Part B Reimbursement* |
| Under $80,000 |
$318.95 |
$439.00 |
$120.05 |
$93.50 |
$26.55 |
| $80,000 - 100,000 |
$318.95 |
$439.00 |
$120.05 |
$106.00 |
$14.05 |
| $100,000 - 150,000 |
$318.95 |
$439.00 |
$120.05 |
$124.70 |
-$4.65 |
| $150,000 - 200,000 |
$318.95 |
$439.00 |
$120.05 |
$143.40 |
-$23.35 |
| Over $200,000 |
$318.95 |
$439.00 |
$120.05 |
$162.10 |
-$42.05 |
* Any remaining funds revert to the State
2 Party
Married Couples
Income Level |
2007 Premiums |
State's Contribution 100/90 Formula |
Balance after Premium Payment |
Medicare Part B Premiums |
Difference after Part B Reimbursement* |
| Under $160,000 |
$637.90 |
$823.00 |
$185.10 |
$187.00 |
-$1.90 |
| $160,000 - 200,000 |
$637.90 |
$823.00 |
$185.10 |
$212.00 |
-$26.90 |
| $200,000 - 300,000 |
$637.90 |
$823.00 |
$185.10 |
$249.40 |
-$64.30 |
| $300,000 - 400,000 |
$637.90 |
$823.00 |
$185.10 |
$286.80 |
-$101.70 |
| Over $400,000 |
$637.90 |
$823.00 |
$185.10 |
$324.20 |
-$139.10 |
* Any remaining funds revert to the State
3 Party
Married Couples
Income Level |
2007 Premiums |
State's Contribution 100/90 Formula |
Balance after Premium Payment |
Medicare Part B Premiums |
Difference after Part B Reimbursement* |
| Under $160,000 |
$956.85 |
$1,042.00 |
$85.15 |
$280.50 |
-$195.35 |
| $160,000 - 200,000 |
$956.85 |
$1,042.00 |
$85.15 |
$318.00 |
-$232.85 |
| $200,000 - 300,000 |
$956.85 |
$1,042.00 |
$85.15 |
$374.10 |
-$288.95 |
| $300,000 - 400,000 |
$956.85 |
$1,042.00 |
$85.15 |
$430.20 |
-$345.05 |
| Over $400,000 |
$956.85 |
$1,042.00 |
$85.15 |
$486.30 |
-$401.15 |
* Any remaining funds revert to the State
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