2021 Medicare Part B Irmaa Premiums

For 2021 the medicare part b monthly premiums and the annual deductible are higher than the 2020 amounts.
2021 medicare part b irmaa premiums. The standard monthly premium for medicare part b enrollees will be 148 50 for 2021 an increase of 3 90 from 144 60 in 2020. In 2021 it s increasing by 3 90 to 148 50. That s actually a relatively modest jump compared to previous increases.
This amount is calculated using your income tax information. A 40 surcharge on the medicare part b premium is about 700 year per person or about 1 400 year for a married couple both on medicare. The standard medicare part b premium which covers doctor s visits and other outpatient services will increase to 148 50 per month in 2021 up 3 90 from this year s monthly premium of 144 60.
2021 irmaa rules for medicare part b and part d premiums. Medicare part d irmaa and medicare part b irmaa. Most people pay the standard part b premium amount.
In general the higher one s magi during 2019 the more one will pay in monthly medicare part b premiums during 2021. Note that the standard medicare part b monthly premium amount in 2021 is 148 50. Most individuals enrolled in part b will pay the standard part b monthly premium amount during 2021.
In 2021 the standard monthly premium for part b is 148 50. 2021 irmaa for medicare part b and part d based on 2019 income file an individual tax return file a joint tax return part b premium 88 000 or less 176 000 or less 148 50 88 001 to 111 000 176 001 to 222 000 207 90 111 001 to 138 000 222 001 to 276 000 297 00 138 001 to 165 000 276 001 to 330 000 386 10. The standard part b premium amount in 2021 is 148 50.
In the grand scheme when a couple on medicare have over 176k in income they are probably already paying a large amount in taxes. 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. Depending on your yearly income you may have an additional irmaa surcharge.