2021 Medicare Part B Premium Irmaa

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.
2021 medicare part b premium irmaa. 2021 the standard part b premium amount in 2021 is 148 50. See the table below for part b premium and related irmaa that applies to higher income beneficiaries. 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 10 165 001 to 500 000 330 001 to 750 000 475 20.
In the grand scheme when a couple on medicare have over 176k in income they are probably already paying a large amount in taxes. Most individuals enrolled in part b will pay the standard part b monthly premium amount during 2021. The annual deductible for all medicare part b beneficiaries is 203 in 2021 an increase of 5 from the annual deductible of 198 in 2020.
However some people may receive a bill for more than that amount along with an irmaa income related monthly adjustment amount notice. The standard premium for medicare part b is 148 50 in 2021. 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.
Joint tax return with income. Income related monthly adjustment. Congress held down this cost in a spending bill passed earlier this year.
Note that the standard medicare part b monthly premium amount in 2021 is 148 50. The adjustments related to income only affect about 7 of those that have part b. The part b premium will increase to 148 50 in 2021 up from 144 60 in 2020.
This amount is calculated using your income tax information. Depending on your yearly income you may have an additional irmaa surcharge. In 2021 the standard monthly premium for part b is 148 50.