The standard Part B premium amount in 2024 is $174.90 (or higher depending on your income). However, most people who get Social Security benefits pay less than this amount. This is because the Part B premium increased more than the cost-of-living increase for 2017 Social Security benefits. If you pay your Part B premium through your monthly Social Security benefit, you may pay less.  Social Security will tell you the exact amount you’ll pay for Part B.. You’ll pay the standard premium amount if:

• You enroll in Part B for the first time in 2017.
• You don’t get Social Security benefits.
• You’re directly billed for your Part B premiums OR YOU CAN SET UP MONTHLY AUTO PAY.
• You have Medicare and Medicaid, and Medicaid pays your premiums. (Your state will pay the standard premium.)
• Your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount. If so, you’ll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium.

If your yearly income in 2015 (for what you pay in 2017) was			You pay each month (in 2017)
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	$134
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 and up to $129,000	$348.30
above $214,000	above $428,000	above $129,000	$428.6

Get more information about your Part B premium from Social Security [PDF, 341 KB].

               You pay $240.00 per year for your Part B deductible. After your deductible is met, you typically pay 20% of the Medicare-approved amount for these:

• Most doctor services (including most doctor services while you’re a hospital inpatient)
• Outpatient therapy
• Durable medical equipment