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
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.
2020 Medicare Part B Premiums
The standard Part B premium amount in 2020 will be $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
|$500,000 or above||$750,000 and above||$413,000 and above||$491.60|