The standard Part B premium amount in 2020 is $144.60. Most people pay the standard Part B premium amount. 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). IRMAA is an extra charge added to your premium.
2020 Medicare Part B Premiums
| If your yearly income in 2018 (for what you pay in 2020) was | You pay each month (in 2020) | ||
|---|---|---|---|
| File individual tax return | File joint tax return | File married & separate tax return | |
| $87,000 or less | $174,000 or less | $87,000 or less | $144.60 |
| above $87,000 up to $109,000 | above $174,000 up to $218,000 | Not applicable | $202.40 |
| above $109,000 up to $136,000 | above $218,000 up to $272,000 | Not applicable | $289.20 |
| above $136,000 up to $163,000 | above $272,000 up to $326,000 | Not applicable | $376.00 |
| above $163,000 and less than $500,000 | above $326,000 and less than $750,000 | above $87,000 and less than $413,000 | $462.70 |
| $500,000 or above | $750,000 and above | $413,000 and above | $491.60 |