Wealthier Seniors to Pay More in 07 Premiums November 20, 2006
Starting January 1, 2007, the Medicare Part B monthly premium will be subject to means-testing for the first time, as required by the 2003 Medicare reform law. The higher a beneficiarys annual income, the more he or she will pay in premiums for the standard healthcare benefit. An estimated four to five million beneficiaries will pay more than the base amount next year, says the Centers for Medicare & Medicaid Services.