How much does Medicare Part B cost?
People who are age 65 and over get Medicare Part A and Part B. Medicare Part B charges a premium and will charge you more based on how much you make. For most people, the premium for Part B will be $104.90 per month. However, if your modified adjusted gross income from 2 years ago is above a certain amount, you may pay an increased premium. The amount you pay can change each year based on your
Medicare Part B Premium
income.
Medicare Part A & B covers around 80% of your healthcare needs. Many people get a Medicare Supplement (also referred to as Medigap) to cover the rest. Medicare along with a supplement is great health insurance. Part A covers the hospital and Medicare Part B covers the doctors and tests.
Part B premiums by income
| If your yearly income in 2012 (for what you pay in 2014) was | You pay (in 2014) | ||
|---|---|---|---|
| File individual tax return | File joint tax return | File married & separate tax return | |
| $85,000 or less | $170,000 or less | $85,000 or less | $104.90 |
| above $85,000 up to $107,000 | above $170,000 up to $214,000 | Not applicable | $146.90 |
| above $107,000 up to $160,000 | above $214,000 up to $320,000 | Not applicable | $209.80 |
| above $160,000 up to $214,000 | above $320,000 up to $428,000 | above $85,000 and up to $129,000 | $272.70 |
| above $214,000 | above $428,000 | above $129,000 | $335.70 |
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