Medicare Faqs

What Percentage of the Part B Program Cost Did Beneficiary Premiums Cover When Medicare Was Established?
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When Medicare began in 1966, beneficiaries were required to pay a premium covering 50 percent of the costs of the Part B program; the other half was financed by general tax revenues. As Medicare spending grew faster than the Social Security cost-of-living increases, which constituted a significant share of beneficiaries' incomes, Congress, several times, changed the percentage that participants had to contribute. The Balanced Budget Amendment of 1997 permanently set Part B premiums at 25 percent of program costs. Starting in 2007, higher-income beneficiaries began to pay a larger percentage of Part B costs.

Related FAQs

How Much Does Part B Cost Beneficiaries?

What Cost-Sharing Obligations Do Beneficiaries Have Under Parts A and B?

How Much Does Medicare Cost? How Much Is It Expected to Cost in the Future?

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