Client Tip for March 2017: MEDICARE PART B COST

 In Client Tips


Most individuals who are enrolled in Medicare Part B pay approximately $109 on average per month. You may have to pay more than that in a few situations.  There are five situations in which you will be billed a higher monthly charge, starting at $134 per month.

  1. You first enroll in Part B in 2017
  2. You do not get Social Security benefits
  3. You have both Medicare and Medicaid and Medicaid pays your premium
  4. You pay your Part B premiums directly
  5. Your modified adjust gross income from 2 years ago (2015 income for 2017 premiums) is above a certain level

The following chart shows the amount you will pay based upon your income level.

If your yearly income in 2015 (for what you pay in 2017) was:

Individual Tax Return Joint Tax Return Married Filing Separate Tax Return You Pay Each Month (in 2017)
$85,000 or less $170,000 or less $85,000 or less $134.00
Above $85,000 up to $107,000 Above $170,000 up to $214,000 Not Applicable $187.50
Above $107,000 up to $160,000 Above $214,000 up to $320,000 Not Applicable $267.90
Above $160,000 up to $214,000 Above $320,000 up to $428,000 Above $85,000 up to $129,000 $348.30
Above $214,000 Above $428,000 Above $129,000 $428.60

You may want to keep this in mind when your income spikes in a particular year. 


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