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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 |
$404.60 |
$471.00 |
$66.40 |
$96.40 |
-$30.00 |
| $82,001 - 102,000 |
$404.60 |
$471.00 |
$66.40 |
$122.20 |
-$55.80 |
| $102,001 - 153,000 |
$404.60 |
$471.00 |
$66.40 |
$160.90 |
-$94.50 |
| $153,001 - 205,000 |
$404.60 |
$471.00 |
$66.40 |
$199.70 |
-$133.30 |
| Over $205,001 |
$404.60 |
$471.00 |
$66.40 |
$238.40 |
-$172.00 |
* 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 |
$809.20 |
$886.00 |
$76.80 |
$192.80 |
-$116.00 |
| $164,001 - 204,000 |
$809.20 |
$886.00 |
$76.80 |
$244.40 |
-$167.60 |
| $204,001 - 306,000 |
$809.20 |
$886.00 |
$76.80 |
$321.80 |
-$245.00 |
| $306,001 - 410,000 |
$809.20 |
$886.00 |
$76.80 |
$399.40 |
-$322.60 |
| Over $410,001 |
$809.20 |
$886.00 |
$76.80 |
$476.80 |
-$400.00 |
* 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 |
$1,213.80 |
$1,129.00 |
-$84.80 |
$289.20 |
-$374.00 |
| $164,001 - 204,000 |
$1,213.80 |
$1,129.00 |
-$84.80 |
$366.60 |
-$451.40 |
| $204,001 - 306,000 |
$1,213.80 |
$1,129.00 |
-$84.80 |
$482.70 |
-$567.50 |
| $306,001 - 410,000 |
$1,213.80 |
$1,129.00 |
-$84.80 |
$599.10 |
-$683.90 |
| Over $410,001 |
$1,213.80 |
$1,129.00 |
-$84.80 |
$715.20 |
-$800.00 |
* Any remaining funds revert to the State
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