The premium you pay for Medicare Part B and Part D is dependent on your income. Medicare Income-Related Monthly Adjustment Amount (IRMAA) is the name for the income adjusted amount you pay for Medicare Part B or Part D premiums and is determined by your income. Below is a chart that details the various premiums based on your income.
| If your yearly income in 2018 (for what you pay in 2020) or in 2019 (for what you pay in 2021) was | For Part B, you pay each month (in 2020) | For Part B, you pay each month (in 2021) | For Part D, you pay each month (in 2020) | For Part D, you pay each month (in 2021) | ||
| 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 | $148.50 | your plan premium | your plan premium |
| above $87,000 up to $109,000 | above $174,000 up to $218,000 | Not applicable | $202.40 | $207.90 | $12.20 + your plan premium | $12.30 + your plan premium |
| above $109,000 up to $136,000 | above $218,000 up to $272,000 | Not applicable | $289.20 | $297.00 | $31.50 + your plan premium | $31.80 + your plan premium |
| above $136,000 up to $163,000 | above $272,000 up to $326,000 | Not applicable | $376.00 | $386.10 | $50.70 + your plan premium | $51.20 + your plan premium |
| 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 | $475.20 | $70.00 + your plan premium | $70.70 + your plan premium |
| $500,000 or above | $750,000 and above | $413,000 and above | $491.60 | $504.90 | $76.40 + your plan premium | $77.10 + your plan premium |
* The charts above are from the CMS Medicare Costs at a Glance website updated for 2021.
