2021 Medicare Part B Premium Table

While most people pay the standard part b premium other beneficiaries may pay more if they had a higher reported income two years prior 2019.
2021 medicare part b premium table. 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. The standard part b premium in 2021 is 148 50 per month. The centers for medicare medicaid services cms has announced that the standard monthly part b premium will be 148 50 in 2021 an increase of 3 90 from 144 60 in 2020.
The adjustments related to income only affect about 7 of those that have part b. This higher part b premium is called the income related monthly adjusted amount irmaa. Income related monthly adjustment.
2021 medicare premiums deductibles and coinsurance announced. 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. The standard medicare part b premium is 148 50 month in 2021.
Joint tax return with income. That s an increase of 3 90 from the 2020 part b premium. Individual tax return with income.
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. 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. If you must pay a medicare irmaa it will be based on your reported income from two years ago.
The standard monthly medicare part b premium is 148 50 in 2021 though some beneficiaries who have higher reported incomes will be charged a higher premium. In the grand scheme when a couple on medicare have over 176k in income they are probably already paying a large amount in taxes. The standard part b premium amount in 2021 is 148 50.