Medicare premiums sometimes come as a shock to new Medicare beneficiaries. Maybe you noticed that the federal government has been deducting taxes out of your paychecks for years. And yes, these deductions go toward funding your future Part A Medicare premiums as well as your Social Security income checks. What those taxes DON’T go toward are your Part B Medicare premiums or Medicare Part D premiums. So many people are surprised and unprepared to pay even the base premiums of $135.50 in 2019, let alone more if they have higher incomes which increase those premiums substantially.
Fortunately, there are a few ways to reduce your Medicare premiums or get Medicare assistance with paying those premiums. If you are having trouble paying premiums for Medicare, consider these ways to reduce your Medicare premiums.
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