Medicare part b has a somewhat more complex financing structure than medicare part a medicare part b is financed through monthly premiums and general federal…

Try: Medicare part b has a somewhat more complex financing structure than medicare part a medicare part b is financed through monthly premiums and general federal tax revenues this is different than medicare part a which is financed through a payroll tax on workers the cost of premiums for enrollees is determined by the federal statute the program is financed through a 25 -75 cost structure enrollees pay 25 of the programs cost and the federal government pays the remaining 75 from general tax revenues for example in 2010 the monthly premium was set at 110 50 which should cover 25 of the programs cost higher income individuals however have to pay a higher percentage of medicare part b’s costs starting with enrollees having an adjusted gross income above 85 000 the monthly premium is greater than 25

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Categories: Financial, Medical Physical

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*This information is listed as a Fact Sheet and is not explicitly medically licensed

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