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Retirees & Spouses Health Insurance Coverage
When an employee retires from the Town of Canton or Canton Public Schools, he/she can elect to remain on the health insurance plans, provided they are drawing a pension from the Town of Canton. The premiums will be deducted from his/her pension check(s).
The Town of Canton is currently subsidizing the insurance rates for retirees and their spouses. The current monthly contribution is 25% of the insurance cost. In event of the death of a retiree or spouse please contact the Human Resources Department.
Retirees & Their Spouses Medicare Part A & B Enrollment Requirements
Federal Law requires that you must apply for Medicare if you are 65 years or older, even if you think you are not eligible. You and/or your spouse may qualify under a spouse’s (including divorced or deceased spouse’s) record. The closest Social Security Office to Canton, MA is located at:
One Edgewater Drive
Suite 102
Norwood, MA 02062
The telephone number is 800-772-1213. Also, they have a website for applying for Medicare.
Medicare Part A (Hospital Insurance) & Medicare Part B (Physician’s Insurance)
The Town of Canton requires retirees and their spouses, who are eligible for Medicare, to enroll in Medicare Part A (hospital insurance) and Medicare Part B (physician’s insurance) if retirees and their spouses choose to enroll in the Town’s Medicare supplemental insurance plan, Medex, which includes prescription coverage. (Do not enroll in Medicare Part D). Medex is a Blue Cross Blue Shield Supplemental Insurance plans. Medicare Supplement plans are sold by private insurance companies to fill gaps
in Medicare coverage. If retirees and/or their spouses do not qualify for Medicare, please send the letter from Social Security to the Human Resources Department.
2021 Medicare Part B Premiums
The standard Part B premium amount in 2021 will be $148.50. Most people will pay the standard Part B premium amount. If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you’ll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium.
Income & Payment
If your yearly income in 2019 (for what you pay in 2021) was:
| File Individual Tax Return | File Joint Tax Return | File Married and Separate Tax Return | You Pay (in 2021) |
|---|---|---|---|
| $88,000 or less | $176,000 or less | $88,000 or less | $148.50 |
| Above $88,000 up to 111,000 | Above $176,000 up to $222,000 | Not applicable | $207.90 |
| Above $111,000 up to $138,000 | Above $222,000 up to $276,000 | Not applicable | $297.00 |
| Above $138,000 up to $165,000 | Above $276,000 up to $330,000 | Not applicable | $386.10 |
| Above $165,000 and less than $500,000 | Above $330,000 and less than $750,000 | Above $88,000 and less than $412,000 | $475.20 |
| $500,000 or above | $750,000 and above | $412,000 and above | $504.90 |
2020 Medicare Part B Premiums
The standard Part B premium amount in 2020 is $144.60. Most people will pay the standard Part B premium amount. If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you’ll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium.
Income & Payment
If your yearly income in 2018 (for what you pay in 2020) was:
| File Individual Tax Return | File Joint Tax Return | File Married and Separate Tax Return | You Pay (in 2020) |
|---|---|---|---|
| $87,000 or less | $174,000 or less | $87,000 or less | $144.60 |
| Above $87,000 up to 109,000 | Above $174,000 up to $218,000 | Not applicable | $202.40 |
| Above $109,000 up to $136,000 | Above $218,000 up to $272,000 | Not applicable | $289.20 |
| Above $136,000 up to $163,000 | Above $272,000 up to $326,000 | Not applicable | $376.00 |
| Above $163,000 and less than $500,000 | Above $326,000 and less than $750,000 | Above $87,000 and less than $413,000 | $462.70 |
| $500,000 or above | $750,000 and above | $413,000 and above | $491.60 |