70 per month in 2022 under CRS estimates, and $234. The standard Medicare Part B Premium in 2024 is a $9. Stable premiums for Medicare prescription drug coverage in 2024 are supported. You can send the application and proofs of all payments to our secure fax number at 518-485-5590 or mail to: Q. The average monthly premium for a Part D plan is projected to be $55. You’ll also have to pay. 70 for 2024, an increase of $9. 70 in 2024 and the annual deductible for Medicare Part B beneficiaries will go up from $226 to. Preventive services: Health care to prevent illness (like the flu) or detect it at an early stage, when treatment is most likely to work best. Because the 2024 income-adjusted rates are based on 2022 tax records, they may not accurately reflect the financial. 80. gov IRMAA brackets are “a set of statutory percentage-based tables used to adjust Medicare Part B and Part D prescription drug coverage premiums. 2022 estimate: $220. 10/month in 2022 to $164. com Just a month after learning their Social Security payments will increase 5. The annual. In March, the Medicare trustees estimated that the monthly Part B premium would be $174. You must be entitled to Medicare Part A and enrolled in Medicare Part B to enroll in this plan. m. 5. Submit the Medicare Part B IRMAA Reimbursement Application and proofs of all payments for your or your dependent's Medicare Part B premium. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024, an increase of $14 from the annual deductible of $226 in 2023. 90 per month and 2024’s $174. 70. 80 from $164. 90 in 2023. If you choose a Medicare Advantage plan with drug coverage, you’ll generally pay one monthly premium for all benefits — hospital, medical and prescription drugs. Medicare Part B Premium and DeductibleStarting January 1, 2024, if you have Medicare drug coverage (Part D) and your drug costs are high enough to reach the catastrophic coverage phase, you don’t have to pay. Before sharing sensitive information, make sure you’re on a federal government site. A surcharge is also imposed on those with Part D drug plan coverage. Income brackets and surcharge amounts for Part B and Part D IRMAA For 2024, the income. Single Married Total Monthly Part B Premium IRMAA Part D 6 $91,000 or less $182 ,000 or less $170. You must sign up for Part A or Part B before enrolling in a Medicare Advantage plan. 90 in 2023. 40. Your premium is based on gross income (MAGI). gov IRMAA brackets are “a set of statutory percentage-based tables used to adjust Medicare Part B and Part D prescription drug. Part B monthly premium. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024, an increase of $14 from the annual deductible of $226 in 2023. 8% from $56. In 2023, single taxpayers who earn between $97,000 and $123,000 and. After you meet your deductible, Medicare typically covers 80% of your Part B costs. Call +1 800-772-1213. Income brackets and surcharge amounts for Part B and Part D IRMAA For 2024, the income brackets for Part B and Part D are the same. But you will pay higher rates if you earned more than $103,000 on your individual 2022 tax return or more than $206,000 on a joint return. Since 2007, high-income Medicare enrollees have been. 50 (monthly plan premium + $31. 09 per month in 2023 ($34. The income related monthly adjustment amount (IRMAA) is a surcharge on Medicare premiums for taxpayers with incomes over a certain amount. The Part D IRMAA surcharges are relatively smaller in dollars. Basic Option Traditional Pharmacy Benefit with Medicare Part B Basic Option with MPDP Pharmacy Benefits; In-network Retail Pharmacy ^ Tier 1: $10 copay Tier. The CMS calculates the IRMAA. The standard monthly premium for Medicare Part B enrollees will be $174. 0% risk score trend) and 33% of the risk score trend calculated with the updated model. The Medicare Trustees' annual report projected a monthly Part B premium increase from $164. In 2021, for someone whose filing status is single, such thresholds occur when MAGI exceeds. 20 a month to $544. 70 in 2024. The standard monthly premium for Medicare Part B enrollees will be $174. The annual deductible for all Medicare Part B beneficiaries will be $240 in. For incomes that are subject to IRMAA, the . In 2023, Medicare beneficiaries with a modified adjusted gross income above $97,000 have an income-related monthly adjustment (IRMAA) added to their Medicare Part B premiums. Part B premium reimbursement? We will reimburse you up to $250 per month for the Medicare Part B premium you pay with Senior Advantage 2 (HMO) for the High or Standard Option. In 2023, high earners pay $230. Call TTY +1 800-325-0778 if you're deaf or hard of hearing. If you have a Medicare Part D plan you may pay premiums, deductibles, copayments, and/or coinsurance for your prescription coverage. Retirement is a Life Changing Event that allows a person to consider appealing their IRMAA. 20 for couples. e beneficiary is left with approximately 25% of the premium. 00 monthly for high-earning beneficiaries. 2. If your income is above a specific limit, the federal government adds an extra charge to your monthly premium. It’s an extra charge added to your standard Part B premium if your Modified Adjusted. There’s also an IRMAA surcharge for 8% of Medicare beneficiaries who have Part D plans (prescription drug coverage). 40 per month, depending on income. On average the IRMAA Brackets have inflated from 2007 to 2021 as follows: 1st Surcharge Bracket: 4. 10 $12. tax-exempt interest income (line 2a of IRS Form 1040). 80 from $164. The average Part D premium is around $55. Greater-income Medicare beneficiaries additionally pay a surcharge for Half D. Leqembi is a treatment for those in the early. The annual deductible for all Medicare Part B beneficiaries will be $240 in. 00% for IRMAA-Part B and for IRMAA-Part D the surcharges will inflate by 5. You may use this form if you received a notice that your monthly Medicare Part B (medical insurance) or prescription drug coverage premiums include an income-related monthly adjustment amount (IRMAA) and you experienced a life-changing event that may reduce your IRMAA. (IRMAA) surcharges or “means testing. Medically necessary services: Services or supplies that are needed to diagnose or treat your medical condition and that meet accepted standards of medical practice. 90. . 8% in 2024, from $56. It is a surcharge for high earners added to Medicare Part B and D premiums (uniformed service retirees typically do not have Part D premiums, as they are eligible for TRICARE pharmacy benefits). Since CMS is finalizing a phase in of the 2024 model, the 4. This could be higher based on income (IRMAA applies). 80 from $164. Federal government websites often end in . Medicare Part D Premium Increase Limits. Joint . It is a surcharge on top of the current year’s Medicare Part B and Part premiums for those who earn too much money. Before Filing Your 2022 Federal Taxes. Medicare Part B IRMAA If the Part B IRMAA applies to you, the amount you owe will be added to your Part B premium, which is $164. The premium increase comes on the heels of a decrease in 2023 in the Part B. That compares with a 5. 90 in. In 2024, we’re offering a new . Get an estimate of when you're eligible for Medicare and your premium amount. If you are unsure why you are paying an IRMAA, you can call the Social Security hotline at 800-772-1213. mil. The standard monthly premium for Medicare Part B enrollees will be $174. 7%, and the standard Medicare Part B premium is. Medicare Part B Premium and DeductibleEach year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. The Medicare IRMAA for Part B went into effect in 2007, while the IRMAA for Part D was implemented as part of the Affordable Care Act in 2011. 90 per month in 2023 ($174. The table below shows the income limits and potential Medicare Part B premiums for 2023: Filing Individual Tax Return. Go to . 2024 Plan Year For All Local Programs. Toll Free: 1-800-924-4727;. The Centers for Medicare & Medicaid Services (CMS) is announcing the Calendar Year (CY) 2023 participants in the Medicare Advantage (MA) Value-Based Insurance Design (VBID) Model. The Medicare Part B penalty increases your monthly Medicare Part B premium by 10% for each full 12-month period you did not have creditable coverage. The costs will go up from the current $164. However, if your income is over $103,000 (single) or $206,000 (married), then your premium will be higher based on the Income Related Monthly Adjustment (IRMAA). A different Alzheimer’s medication, Aduhelm, was part of. Use this calculator to determine your Medicare IRMAA charge for making over the income limit for Medicare. of people with Medicare, but those it does affect are often surprised or unclear about how it works. 01 -$114,000 $182,000. 01 above a threshold, these additional Medicare premiums increase substantially. The IRMAA surcharge system for high-income Medicare Part B enrollees took. On September 27, 2022, the Centers for Medicare & Medicaid Services (CMS) released the 2023 premiums, deductibles, and coinsurance amounts for the Medicare Part A and. 80 from $164. 70 for 2024, an increase of $9. Add to that amount the IRMAA surcharge amount for Medicare Part D drug coverage. Most Medicare Part B users – those whose tax returns in 2019 were $88,000 or less for an individual tax return (or married but filing a separate return) or $176,000 for a joint return – are paying $148. Medicare Part B premiums will fall in 2023, the first year-over-year decrease in more than a decade. 2024, must be processed in accordance with the revised requirements, including new. 80 from $164. That full table is presented next. Part C (Medicare Advantage) Part C is known as Medicare Advantage. Five days after my article was published, the 2024 Medicare Parts A & B Premiums and Deductibles were announced. 20 every month for Part B IRMAA in 2022, a total of $6532. Beginning January 1, 2024, this change will provide the full low-income subsidy to those who currently qualify for the partial subsidy. Enrolled in Medicare Part A and. [2024]. The Medicare IRMAA is based on how much you earn in one year—you must make less than $88,000 per year or less as an individual or $176,000 per year or less as a couple if you want to avoid paying an extra cost. The Social Security Administration (SSA). Provisions From the Inflation Reduction Act Relating to Drugs and Biologicals Payable Under. The standard monthly premium for Medicare Part B enrollees will be $174. What Is Medicare Part B? Medicare Part B is one of the two main sections of Original Medicare. Medicare Part D changes. 90 in 2023. The estimated average monthly MA plan premium for 2024 is $18. 90 in 2023. Part B: Doctor and Outpatient Coverage. IRMAA rates for 2022. 90 each month ($174. Slight Increases for Part B. If your income is above $97,000 as an individual or $194,000 as a married couple (in 2022 or 2023), you may have to pay an additional monthly adjustment amount based on your income. 8% in 2024, from $56. 80 from $164. 90 per month and 2024’s $174. Which yes is better than what the IRMAA is. (IRMAA) surcharges for 2024 are anticipated to increase more than 6. This IRMAA is a surcharge added to your Medicare Part B and Part D monthly premiums. Those recipients are slated to get a 3. Beneficiaries of Medicare Part D prescription drug plans may also pay a monthly premium for their drug coverage. In January 2024, most U. Most Medicare beneficiaries will pay the standard Part B premium of $174. 50 in 2024. 70 for 2024, an increase of $9. 80 and $560. The inpatient hospital deductible, which. Part B premiums. The 2024 Medicare premiums and the income levels that are subject to premium surcharges won’t be announced until September or October. In this post, we’ll delve into what IRMAA is, the income brackets for 2024, how the premiums are calculated, strategies for managing IRMAA, and more. 90. 80 from $164. Most people will pay this amount. gov/locator or call 1-800-772-1213, TTY 1-800-325-0778, 8 a. The Inflation Reduction Act offers potential reductions in out-of. The standard monthly premium for Medicare Part B enrollees will be $174. However, if your income exceeds certain thresholds, you will be subject to an IRMAA surcharge on top of the standard premium. The Centers for Medicare & Medicaid Services (CMS) has announced that the standard monthly Part B premium will be $174. IRMAA stands for Income-Related Monthly Adjusted Amount. Menu. The average premium for 2024 is $55. S. 70 for 2024, an increase of $9. The idea behind the IRMAA was that Medicare Part B premiums are intended to cover about 25% of the actual cost of the program, with the other 75% effectively representing a subsidy to retirees. The Medicare Board of Trustees estimated the Medicare Part B premium for 2024 could be $174. 70 per month in 2024, up from $164. Many long-retired beneficiaries are stunned when they get a notice from Social Security in November informing them that they will be subject to IRMAA (Income-related Monthly Adjustment. Medicare health and drug plan. These proposed payment policies offer ongoing challenges in Medicare Part B reimbursement but also provide new opportunities that, if finalized,. 90 a month. This amount is based the Medicare trustees report released in March 2023. ) And the average monthly premium for all standalone. Medicare-eligible retirees and their Medicare-eligible dependents will be reimbursed annually for the standard Medicare Part B amount of $170. The standard monthly premium for Medicare Part B enrollees will be $174. The highest IRMAA tier is for those with incomes that exceed $750,000 for married, filing jointly and $500,000 for single filers. For most beneficiaries, the government pays a major portion of the total costs for this coverage, and the beneficiary pays the rest. 90 in 2023. 90 in 2023. The Medicare Income-Related Monthly Adjustment Amount (IRMAA) is an amount you may pay in addition to your Part B or Part D premium if your income is above a certain level. gov means it’s official. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024, an increase of $14 from the annual deductible of $226 in 2023. 50 for 2021, an increase of $3. The true cost of Part B that IRMAA beneficiaries pay is 35% for level 1, 50% for level 2, 65% for level 3, 80% for level 4, and 85% for level 5. 00. Based on current projections, Medicare Part B premiums in 2024 are expected to increase by $10, resulting in a monthly premium of $174. Part D premiums increased 10% on average from 2022 to 2023, so the 6% cap offers some protection from large price hikes in the future. The standard Part B Premium REDUCED $5. Income Threshold for. The Medicare Part B premiums, the IRMAA brackets and add-on were just announced. There are five IRMAA income brackets depending on your income and filing status. 00% in 2024. 60 per month per person on top of the standard Part B premium of $164. 80 in 2024, the Centers for Medicare and Medicaid Services (CMS) announced Oct. 70 and the Part D is $55. In 2024, individuals whose income is higher than $103,000 and. The increase in the 2024 Part B standard premium and deductible is. 70 (normal $164. You won’t pay more than $35 for a month’s supply and the Medicare deductible no longer applies. 4%. The average total Part D premium is the sum of the average basic premium and the average supplemental premium for plans with enhanced coverage and is the most accurate current projection of what people will pay. The IRMAA brackets, or cutoffs, are now indexed to some version of inflation. 80 from $164. Employers and. If your income falls above a certain threshold, you will be subject to paying an. A 40% surcharge on the Medicare Part B premium is about $840/year per person or about $1,700/year for a married couple both on Medicare. Beneficiaries of Medicare Part D prescription drug plans may also pay a monthly premium for their drug coverage. Income brackets and surcharge amounts for Part B and Part D IRMAA For 2024, the income brackets for Part B. 70 for 2024, an increase of $9. IRMAA represents the additional amount that some people might have to pay for their Medicare Part B (medical insurance) or Part D (Medicare prescription drug plans) coverage. 90 in 2023. An annual increase of $117. September 13, 2023 in Healthcare, Taxes. 2. Now earlier in the year, the Medicare Trustees projected that the cost of Part B would rise from $164. Benefits may vary by carrier and location. The 2024 standard monthly Medicare Part B premium will increase by 6% between 2023’s $164. X X X – X. For example, someone with gross. 50 in 2024. The IRMAA surcharges, or dollar additions, are also adjusted annually, but I think they adjust to the change in Medicare costs. Part B monthly premium. There are five IRMAA-related MAGI brackets for Part B for those filing single as well as for those who are married filing jointly. But that assumes the cost of Medicare Part B only rises about $10. 6 Strategies for Avoiding IRMAA Issues. For 2023, the standard cost of Medicare Part B per individual is $164. To decide your IRMAA, we asked the Internal Revenue Service (IRS) about your The standard monthly premium for Medicare Part B enrollees will be $174. The increase in the Part B premiums and deductible is largely due to rising. 70 monthly in 2024, about 8% of Medicare Part B beneficiaries with higher incomes will pay more, the centers said. • Live in the plan’s service area Important: To join a Medicare Advantage Plan, you must also have both: • Medicare Part A (Hospital Insurance) • Medicare Part B (Medical Insurance)IRMAA for Medicare Part B is in Table 1 and for Medicare Part D is in Table 2. 80 higher than the 2023 premium of $164. The increased premium over the based amount is called IRMAA and stands for Income-Related Monthly Adjustment Amount . Additionally, Medicare Part B covers preventive and medically necessary services that you receive under the supervision of a Medicare-accepting physician. Oversimplifying, our taxable. 90 premium + $164. mil. 0% risk score trend) and 33% of the risk score trend calculated with the updated model. Learn how the 2024 Medicare Part B premium is calculated based on your income from two years ago and what you can do to reduce or avoid the IRMAA surcharge. The standard premium amount is the same for everyone, regardless of income, but IRMAA is based on a person’s modified adjusted gross income (MAGI) as reported on their federal tax return from two years prior. residents enrolled in Original Medicare (Part A and Part B) or a Medicare. 9%. 80 more per month, per person. The increase in the 2024 Part B standard premium and deductible is mainly. the beneficiary’s adjusted gross income (AGI) (found on line 11 of the Internal Revenue Service (IRS) tax filing form 1040), plus. In 2023, most people are paying about $165/month per person. 90 per month in 2023 ($174. After the deductible has been paid, Medicare pays most (generally 80%) of the approved cost of care for services under Part B while you pay the remaining cost (typically 20%) for services such as doctor visits, outpatient therapy, and durable medical equipment. Higher-income individuals will face additional charges based on their income levels and tax filing status. Name Last four digits of SSN . The monthly premium is rising from $164. 10), which led to higher premiums for higher-income beneficiaries. Schulte expects the 2024 IRMAA income thresholds to be $101,000 for. 90/month in 2023. 70 for 2024, an increase of $9. It’s the premium surcharge that people with higher incomes pay for Medicare. 20). 2%. The standard monthly premium for Medicare Part B enrollees will be $174. SSA determines if you owe an IRMAA based on the. 49 in 2023 to $55. If you are subject to the IRMAA Medicare premium adjustment but your income decreases enough to affect your Part B or Part D premiums, you may fill out Form SSA-44 to report your new income and. 90 in 2023. A nyone in the United States claiming Medicare and earning over $91,000 a year whilst being enrolled in Medicare Part B and/or Medicare Part D has a surcharge added to their premiums, with this. Medicare Part B covers various outpatient services, including doctors, outpatient care, medical services such as physical and occupational therapy, and some home. 60 per month and can be as high as $594. Medicare’s Part B standard monthly premium will increase to $174. The average total Part D premium is the sum of the average basic premium and the average supplemental premium for plans with enhanced coverage and is the most accurate current projection of what. The standard monthly premium for Medicare Part B enrollees will be $174. (IRMAA) — your full premiums can still be tax deductible. 70 for 2024, an increase of $9. (IRMAA). The Inflation Reduction Act offers potential reductions in out-of. IRMAA, or Income-Related Monthly Adjusted Amount, is an adjustment to Medicare Part B and Part D premiums for those with higher incomes. You can use this chart to find out what your Part B premium will be in 2024 based on your income. 90 a month in 2024 to $174. This implements section 11404 of the IRA and will improve access to affordable prescription drug coverage for approximately 300,000 low-income individuals with Medicare. Oct, 07 2023 — An analysis of 2024 Medicare Advantage plan data shows that there will be 0. IRMAA is a means-tested adjustment that is applied to the standard premium amount for Medicare Part B and Part D drug coverage. It is an increased premium added to the standard Medicare Part B and Part D premiums and charged to higher income earners for their Medicare Part B (outpatient) and Part D (prescription drug) coverage. 44% estimated MA risk score trend included in the 2024 Rate Announcement Fact Sheet is calculated using a blend of 67% of the MA risk score trend calculated with the current model (the 2020 model, 5. An IRMAA is a surcharge added to your monthly Medicare Part B and Part D premiums, based on your yearly income. This expected amount is a decrease of 1. The standard monthly premium for Medicare Part B enrollees will be $174. Generally, most 2024 Medicare members must pay a monthly Part B premium of $174. 50. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. 30 each, a combined amount of $1,156. 90 per month in 2023 ($174. A. 70 and the Part D is $55. 70 in 2024, a $9. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. 08% . 60-per-month for Medicare Part B. Since they will file as married filing jointly, the following applies for 2023:Although the Medicare Part B premium 2024 has not yet been announced, it is projected to increase to $174. Below we show how much your IRMAA will likely be based on your modified gross income (MAGI) and filing status. 90 per month for those in the lowest income-adjustment bracket. 2023 Medicare Part B Premiums, IRMAAs, Deductible. 00% for Medicare IRMAA-Part B and by an average of 5. Also, if you cancel your Part B, you can’t have supplemental coverage. If you exceed the income thresholds, the split changes, and you may pay anywhere from 35 percent to. 70 for 2024, an increase of $9. The term ‘ IRMAA ‘ stands for Income-Related Monthly Adjustment Amount. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. 80 IRMAA surcharge) Medicare Part D Premium: $31. The premiums would increase by $9. In 2022, Medicare Part B saw a high increase of premium of 14. 40 a month—$912 a year—on top of Part D premiums charged by. Since CMS is finalizing a phase in of the 2024 model, the 4. The annual deductible for all Medicare Part B beneficiaries will be. Announcements and Documents. If your 2022 MAGI was over $750,000, your 2024 Part B and Part D IRMAA costs would be from the highest bracket whether you filed married but separate or jointly in 2022. 70 in 2024. 70. As you can see in the table of the amounts that will be in effect in 2024, the IRMAA amounts can add a lot to your total Medicare expenses: Income Threshold for Single Filers. 80 standard monthly premium predicted by Medicare’s board of trustees in their March report. 010. Its Hospital Insurance Trust Fund pays for what's known as Medicare Part A: hospitals, nursing facilities, home health and hospice care and is primarily funded by payroll taxes. of Medicare Part B, Erroneous Incarceration. 10 per month ($170. Medicare Part D premium inflation rate: But 7% of people with Part B get hit with a special Medicare monthly surcharge that can boost those premiums dramatically. The standard monthly Medicare Part B premiums in 2024 are $174. Your MAGI is then over $200,000, and two years later you get a notice that your IRMAA caused your Medicare Part B premium to increase from $340. 90 a month in 2023 for Medicare Part B premiums, which will rise to $174. If you don't see your situation, contact Social Security (or the Railroad Retirement Board if you get railroad benefits) to learn more about your specific eligibility or premium. The average total Part D premium is the sum of the average basic premium and the average supplemental premium for plans with enhanced coverage and is the most accurate current projection of what. Eligibility . We would like to show you a description here but the site won’t allow us. In 2024, the Part B base premium is $174. Part B. Medicare's annual open enrollment period begins Oct. If you are unsure why you are paying an IRMAA, you can call the Social Security hotline at 800-772-1213. S. The standard monthly premium for Medicare Part B enrollees will be $174. For 2024, the Part B premium is $174. It can be $76. TTY users can call 1-800-325-0778. You have to have Part B to be enrolled in a Medigap plan. If you are not required to pay IRMAA, Medicare Part B premiums in 2024 are $174. 00 a month to $135. Social Security will tell you the exact amount you’ll pay for Part B in 2024. Effective January 1, 2007, Part B beneficiaries with incomes above a certain threshold amount (about 4% to 5% of all Part B beneficiaries) are subject to an adjustment of the amount of the premium. Ultimately the cost (tax) for having too much money while in Medicare is only going to increase in 2024. Beneficiaries with incomes above $103,000 for individuals and $206,000 for married couples will pay. For instance, people who made $105,000 in 2022 will pay $244. “IRMAA only applies to people enrolled in Medicare Part B and/or Medicare Part D,” explains Collins. 49 in 2023 to $55. This notice tells you about income-related Medicare Part B and Part D premium adjustments for the coming year. 70 for 2024, an increase of $9. However, some people may receive a bill for more than that amount. Medicare Part B (Medical Insurance) Costs. 60 in 2020. IRMAA affects less than 5% . The Medicare Part B premiums, the IRMAA brackets and add-on were just announced. 2024 Medicare IRMAA (Income-Related Monthly Adjustment Amount) amounts are increased premiums higher income earners must pay for Medicare Part B and Part D benefits. IRMAA Rates for 2022. IRMAA and Income Changes. Although Medicare Part B will generally cost $174. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. The increase in the 2024 Part B standard premium and deductible is. The new rate, announced by the Centers for Medicare and. Most people will pay the standard Part B premium amount. 2023 Part B deductible—$226 before Original Medicare starts to pay. [1] In effect, IRMAA reduces the subsidy that high-income beneficiaries receive from Medicare. Benefits may vary by carrier and location. Income brackets and surcharge amounts for Part B and Part D IRMAA For 2024, the income brackets for Part B and Part D are the same. However, this projection does not account for any significant new costs.