Everyone has to pay for Medicare. The Medicare taxes deducted from your paychecks cover your future Medicare Part A premiums. You pay for Medicare B after you sign up for it.
Most people pay for Medicare Part B with automatic deductions from their monthly Social Security benefit. If you don’t get a monthly Social Security benefit, you’ll be billed for your Part B premiums.
How much will you have to pay for Medicare Part B?
Most people pay the standard Part B premium, which is set annually by the federal government. Medicare beneficiaries with higher incomes may be assessed an income-related adjustment, which results in a higher monthly premium. You can find details about Medicare Part B premiums at medicare.gov.
PG&E-paid monthly credit
Age 65 or older? You and your spouse will each get a $15 monthly credit toward your Medicare Part B premium when you’re enrolled in Medicare Part B and a PG&E-sponsored medical plan.
If you think you should be getting the credit, call the PG&E Benefits Service Center at 1-866-271-8144.
Disabled and under 65? You’ll get a higher credit.
If you and your dependents are under 65 and eligible for Medicare due to a disability, PG&E will reimburse you the full amount you pay for the standard Medicare part B premium instead of the $15 credit.
In other words, PG&E will reimburse the standard Part B premium, excluding any income-based surcharges that Social Security may assess you. Your Medicare Part B credit will be based on the year you were first approved for Medicare Part B. When you or your dependents turn 65, the credit will change to $15 per month.
You and up to two dependents can get this credit as long as each of you is:
- Disabled and under 65,
- Enrolled in Medicare Parts A and B, and
- Enrolled in a PG&E-sponsored medical plan.
Think you qualify for Social Security disability benefits? Call Allsup, Inc., at 1-888-339-0743. PG&E has contracted with Allsup, Inc., to provide help with the Social Security disability application process at no cost to potentially eligible disabled retirees and dependents.