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Medicare Part B premiums in 2014
As announced by the Centers for Medicare and Medicaid Services (CMS) last October, the standard 2014 Medicare Part B premium remained unchanged from the 2013 amount of $104.90 per month. Part B covers physicians’ services, outpatient hospital services, certain home health services, durable medical equipment, and other items. Not everyone pays the standard Medicare Part B (Medical) premium amount. Based on the amount of Federal tax return modified adjusted gross income (MAGI), some people pay a higher Part B premium. This affects less than five percent of people with Medicare, so most people do not pay a higher premium. Read more…