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The following charts show the 2008 employer contributions and premiums for Medicare Retirees.
1 Party
Individual
Income Level |
2008 Premiums |
State's Contribution 100/90 Formula |
Balance after Premium Payment |
Medicare Part B Premiums |
Difference after Part B Reimbursement* |
| Under $82,000 |
$304.66 |
$471.00 |
$166.34 |
$96.40 |
$69.94 |
| $82,001 - 102,000 |
$304.66 |
$471.00 |
$166.34 |
122.20 |
$44.14 |
| $102,001 - 153,000 |
$304.66 |
$471.00 |
$166.34 |
$160.90 |
$5.44 |
| $153,001 - 205,000 |
$304.66 |
$471.00 |
$166.34 |
$199.70 |
-$33.36 |
| Over $205,001 |
$304.66 |
$471.00 |
$166.34 |
$238.40 |
-$72.06 |
* Any remaining funds revert to the State
2 Party
Married Couples
Income Level |
2008 Premiums |
State's Contribution 100/90 Formula |
Balance after Premium Payment |
Medicare Part B Premiums |
Difference after Part B Reimbursement* |
| Under $164,000 |
$609.32 |
$886.00 |
$276.68 |
$192.80 |
$83.88 |
| $164,001 - 204,000 |
$609.32 |
$886.00 |
$276.68 |
$244.40 |
$32.28 |
| $204,001 - 306,000 |
$609.32 |
$886.00 |
$276.68 |
$321.80 |
-$45.12 |
| $306,001 - 410,000 |
$609.32 |
$886.00 |
$276.68 |
$399.40 |
-$122.72 |
| Over $410,001 |
$609.32 |
$886.00 |
$276.68 |
$476.80 |
-$200.12 |
* Any remaining funds revert to the State
3 Party
Married Couples
Income Level |
2008 Premiums |
State's Contribution 100/90 Formula |
Balance after Premium Payment |
Medicare Part B Premiums |
Difference after Part B Reimbursement* |
| Under $164,000 |
$913.98 |
$1,129.00 |
$215.02 |
$289.20 |
-$74.18 |
| $164,001 - 204,000 |
$913.98 |
$1,129.00 |
$215.02 |
$366.60 |
-$151.58 |
| $204,001 - 306,000 |
$913.98 |
$1,129.00 |
$215.02 |
$482.70 |
-$267.68 |
| $306,001 - 410,000 |
$913.98 |
$1,129.00 |
$215.02 |
$599.10 |
-$384.08 |
| Over $410,001 |
$913.98 |
$1,129.00 |
$215.02 |
$715.20 |
-$500.18 |
* Any remaining funds revert to the State
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