Medicare Part B Standard Premium 2021

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.

Medicare part b standard premium 2021. The standard part b premium amount in 2021 is 148 50. The medicare trustees forecasted in april that the standard 2021 part b premium would rise to 153 30 in 2021 from 144 60 this year 8 70 more monthly or a 6 increase. The standard monthly premium for medicare part b enrollees will be 148 50 in 2021 an increase of 3 90 from 144 60 in 2020.

However if you re a higher earner you ll pay more as follows. The standard medicare part b premium which nearly all beneficiaries pay will increase to 148 50 per month in 2021 from its current rate of 144 60 in 2020. Most people pay the standard part b premium amount.

Recent legislation signed by president trump significantly dampens the 2021 medicare part b premium increase that would have occurred given the estimated growth in medicare spending next year. Medicare part b covers physician services outpatient services some home health services durable medical equipment dme and some other medical services. 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.

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. The 3 90 increase was much smaller than what had been originally forecasted during a year of larger than normal medicare spending due to the covid 19 pandemic.

Keep in mind that these numbers are based on the income you reported. 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 standard monthly premium for medicare part b enrollees will be 148 50 in 2021 an increase of 3 90 from 144 60 in 2020.

The 3 90 increase is 2 7 more than the 2020 figure of 144 60 according to information released by the centers for medicare and medicaid services. This higher part b premium is called the income related monthly adjusted amount irmaa.