2015 Updates
Substantial Gainful Activity - Section 504
Monthly amounts
$1,090 and $1,820 for the blind
Trial Work Period - Section 509
The monthly amount is $780
Quarters of Coverage, Appendix 2, Chart 1
Earnings Required - $1,220
Maximum FICA Earnings, Appendix 3
Social Security Tax: $118,500
no limit for Medicare tax
Maximum benefit at Full Retirement Age
$2,663
Cost of Living Increase, Appendix 6
1.7%
Earnings Limits - Appendix 7
Under Full Retirement Age
$15,720 per year, $1,310 for Non-Service Month
Full Retirement Age
$41,880 per year, $3,490 for Non-Service Month
Medicare Premiums & Deductibles- Appendix 11
Hospital Insurance - Part A Monthly Premium
No premium for those with at least 40 quarters.
For those with 30-39 quarters:
$224
For those with less than 30 quarters:
$407
Co-Payments
First 60 Days
$1,260 (total for the benefit period)
61st-90th Day
$315 (per day)
Lifetime Reserve
$630 (per day)
Skilled Nursing Care
20th-100th day
$157.50 (per day)
Medical Insurance - Part B Premium/ Drug Insurance Part D Supplemental Premiums
N.B premiums are based on income most recently available from IRS (generally the tax year 2 years before):
|
Single |
Married File Separate |
Married File Joint | Original Medicare | Part D Supp |
| under $85,000 | under $85,000 | under or equal to $170,000 | $104.90 | plan premium only |
| under or equal to $107,000 | |
under or equal to $214,000 | $146.90 | plan premium +$12.30 |
| under or equal to $160,000 | |
under or equal to $320,000 | $209.80 | plan premium+$31.80 |
| under or equal to $214,000 | more than $85,000 under $129,000 | under or equal to $428,000 | $272.70 | plan premium+$51.30 |
| $214,000+ | more than $129,000 | $428,000+ | $335.70 | plan premium+$70.80 |
Part B Yearly Deductible
$147