Irmaa Surcharges Medicare Part B Premium 2021

The medicare part b monthly premiums that medicare enrollees will pay in 2021 are presented in the table below.

Irmaa surcharges medicare part b premium 2021. 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 above 500 000 above 750 000 504 90 file an individual tax return file a joint tax return part d premium 88 000 or less. Depending on your yearly income you may have an additional irmaa surcharge. Note that the standard medicare part b monthly premium amount in 2021 is 148 50.

If your magi is 88 000 or less when filed individually or married and filing separately or 176 000 or less when filed jointly you will pay the standard part b premium of 148 50 per month in 2021 and you won t pay a part b irmaa. Most individuals enrolled in part b will pay the standard part b monthly premium amount during 2021. 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 part b premium will increase to 148 50 in 2021 up from 144 60 in 2020. 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. In fact part b which covers outpatient care charges a monthly premium that changes from year to year.

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 part b premium amount in 2021 is 148 50. This amount is calculated using your income tax information.

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. 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.

Congress held down this cost in a spending bill passed earlier this year. Currently the standard monthly part b premium is 144 60. For example your 2021 medicare part b premiums will be based on your reported income from 2019.