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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 |
$371.68 |
$439.00 |
$67.32 |
$93.50 |
-$26.18 |
| $80,000 - 100,000 |
$371.68 |
$439.00 |
$67.32 |
$106.00 |
-$38.68 |
| $100,000 - 150,000 |
$371.68 |
$439.00 |
$67.32 |
$124.70 |
-$57.38 |
| $150,000 - 200,000 |
$371.68 |
$439.00 |
$67.32 |
$143.40 |
-$76.08 |
| Over $200,000 |
$371.68 |
$439.00 |
$67.32 |
$162.10 |
-$94.78 |
* 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 |
$743.36 |
$823.00 |
$79.64 |
$187.00 |
-$107.36 |
| $160,000 - 200,000 |
$743.36 |
$823.00 |
$79.64 |
$212.00 |
-$132.96 |
| $200,000 - 300,000 |
$743.36 |
$823.00 |
$79.64 |
$249.40 |
-$169.76 |
| $300,000 - 400,000 |
$743.36 |
$823.00 |
$79.64 |
$286.80 |
-$207.16 |
| Over $400,000 |
$743.36 |
$823.00 |
$79.64 |
$324.20 |
-$244.56 |
* 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 |
$1,115.04 |
$1,042.00 |
-$73.04 |
$280.50 |
-$353.54 |
| $160,000 - 200,000 |
$1,115.04 |
$1,042.00 |
-$73.04 |
$318.00 |
-$391.04 |
| $200,000 - 300,000 |
$1,115.04 |
$1,042.00 |
-$73.04 |
$374.10 |
-$447.14 |
| $300,000 - 400,000 |
$1,115.04 |
$1,042.00 |
-$73.04 |
$430.20 |
-$503.24 |
| Over $400,000 |
$1,115.04 |
$1,042.00 |
-$73.04 |
$486.30 |
-$559.34 |
* Any remaining funds revert to the State
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