Medicare Part B (Medical Insurance) Costs
Part B Monthly Premium
The standard Part B premium amount in 2020 is $144.60 or higher depending on your
income. Social Security will tell you the exact amount you’ll pay for Part B in 2020.
You pay the standard premium amount (or higher) if:
■ You enroll in Part B for the first time in 2020.
■ You don’t get Social Security benefits.
■ You’re directly billed for your Part B premiums.
■ You have Medicare and Medicaid, and Medicaid pays your premiums.
(Your state will pay the standard premium amount of $144.60 in 2020.)
■ Your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount.
If you’re in 1 of these 5 groups, here’s what you’ll pay: