2022 Part B Premiums:
Medicare Part B covers outpatient medical care, durable medical equipment and limited outpatient prescription drugs. Once you have met the annual deductible of $233, you will pay 20% of covered services with no cap.
Most people will pay the standard Part B monthly premium, which is $170.10 in 2022. If your modified adjusted gross income as reported on your IRS tax return was above a certain amount in 2020, you may have to pay more.
If your yearly income in 2020 (for what you pay in 2022) was: |
You pay each |
||
|---|---|---|---|
File individual tax return |
File joint tax return |
File married & separate tax return |
|
$91,000 or less |
$182,000 or less |
$91,000 or less |
$170.10 |
above $91,000 up to $114,000 |
above $182,000 up to $228,000 |
Not applicable |
$238.10 |
| above $114,000 up to $142,000 |
above $228,000 up to $284,000 |
Not applicable |
$340.20 |
| above $142,000 up to $170,000 |
above $284,000 up to $340,000 |
Not applicable |
$442.30 |
| above $170,000 and |
above $340,000 and |
above $91,000 and less |
$544.30 |
| $500,000 or above |
$750,000 and above |
$409,000 and above |
$578.30 |
Since Medicare Part B does not cover everything, most people will add on additional coverage to help offset their out-of-pocket expenses like a Medicare Advantage Plan (Part C) or a Medicare Supplement Plan (Medigap).