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May 19, 2004 at 08:00 PM
NU Online News Service, May 19, 2004, 12:13 p.m. EDT – Some high-income seniors may have to pay about $3,800 per year for Medicare Part B outpatient coverage by 2011, according to the Employee Benefit Research Institute, Washington.[@@]
The Medicare Prescription Drug, Improvement and Modernization Act of 2003 requires Medicare to reduce Part B subsidies for beneficiaries with annual incomes over $80,000. For beneficiaries who earn more than $200,000 per year, the subsidy will fall to 20%, from 75%, EBRI says.
