In mid-October, the federal Health and Human Services announced
that Medicare premiums will be increasing effective January
1, 2008. Below is a table that shows 2007 and 2008 premiums.
If members are having their Medicare Part B premiums deducted
from their retirement allowances, the new premiums will be
reflected in the allowance check they receive on or about
January 1, 2008, because the premiums are paid prospectively.
Some members may be assessed a Medicare Part B surcharge or an
Income Related Adjustment Amount which will be deducted from
their checks. Therefore, the amount of their Medicare
Part B payment will be higher than the premium noted below.
| |
Through December 31, 2007 |
Beginning January 1, 2008 |
| Medicare Part B |
$93.50/month |
$96.40/month |
| Medicare Part A |
$410/month |
$423/month |
Medicare Part A with
30 to 39 Medicare credits |
$226/month |
$233/month |
| Covered employment required to earn one Medicare credit (maximum of 4 credits per year) |
$1,000
(or $4,000/year) |
$1,050
(or $4,200/year) |
For more information about Medicare, please go to the Medicare
web site at www.medicare.gov
or call 1-800-633-4227.
To enroll in Medicare, please call Social Security at 1-800-772-1213
or go to your local Social Security office.
To ask questions about the CalSTRS Medicare Premium Payment
Program, please call the Member Services at 1-800-228-5453.
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