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.