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Vol. 2, No. 14.
(October 26,
2007)
Proudly representing retirees of the
AT&T Midwest Region, SBC Midwest Region, Ameritech, and
predecessor/successor Bell Companies of the New AT&T, located
throughout the United States
Medicare “B” – Costs and Reimbursements
There have been several
e-mails, discussions and speculation among members and board members
recently regarding Medicare Part B reimbursements. Here is what
AASBCR’s Vice President – AT&T Relations received directly from AT&T
Human Resources.
The original Medicare Plan
consists of Part A, that pays for most hospital care and Part B that
pays for most medical care. Part B is optional, but recommended. Other
plans are available but we'll not address them here so we can focus on
Part A and Part B.
Most people pay $0 each
month for Part A, (hospital care) because they paid Medicare taxes
while working. Part B (medical care) requires us to make a monthly
payment (or “premium”) that in 2007 ranges from $93.50 to $161.40.
Part B payments are based upon the amount of our Individual or Joint
Income Tax Return and are deducted from our monthly Social Security
checks. Here's the scale:
Individual Tax
Return: Joint Tax Return: You pay:
$80,000 or
less $160,000 or less $ 93.50
$80,001-$100,000 $160,001-$200,000` $105.80
$100,001-$150,000 $200,001-$300,000 $124.40
$150,001-$200,000 $300,001-$400,000 $142.90
Above $200,000
Above $400,000 $161.40
Fortunately, many of us
don't pay the full amount indicated above. In many cases our former
employers are happy to have Social Security reduce their medical care
costs so they contribute a “reimbursement” of all or a portion of our
Medicare Part B premium. The amount can vary depending on our
retirement date and our medical plan. Our “government” does not send
money to our former employers to do this.
Anyone 65 or older who has
not signed up for the reimbursement should Visit
http://resources.hewitt.com/att (AT&T Health
Benefits Enrollment Center Web site) or call the AT&T Health Benefits
Enrollment Center at 1-877-722-0020 (domestic) or
+1-847-883-0863(international). The Center can tell you if you're
eligible for a reimbursement, how much and also get you signed up.
Hopefully this will clarify the issue.
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