Stable premiums for Medicare Part D prescription drug coverage in 2024 are accompanied by improvements to the Part D. 90 in 2023. For 2024, the Part B premium is $174. 00. IRMAA (also known as Income-Related Monthly Adjustment Amount) is an increase in Medicare premiums based on income. 10 per month in 2022, up $21. The surcharge you pay in year N+2 is based on your AGI in year N, but will be the year N+2 amount. Meanwhile, the Part D standard monthly premium varies based on the plan you choose. Enrolled in Medicare Part A and. The revenue brackets are the identical. We would like to show you a description here but the site won’t allow us. 00: $174. 80. The amounts are based on a. IRMAA Rates for 2022. People who earn over $97,000 ($103,000 in 2024) and couples who make over $194,000 ($206,000 in 2024) have to pay an extra fee called an income-related monthly adjustment amount. IRMAA surcharges have. 90 in 2023. More information regarding Part B premium surcharge calculations can be found in HI 01001. ). 80 from $164. 2022 estimate: $220. 50 in 2024. Of those with Medicare Part B, about 8% are affected by these income-related monthly adjustment amounts. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. The annual deductible for all Medicare Part B beneficiaries will be. Individuals enrolled in Medicare Part B, which covers doctor visits and other outpatient services, will pay a monthly premium of $164. 70 and the Part D is $55. Go to . If your income falls above a certain threshold, you will be subject to paying an. If you. This is a prescription drug beneft offered at . Medicare Part B enrollees faced one of the most significant premium increases ever between 2021 and 2022. 49 in 2023 to $55. mil. 4th Surcharge Bracket: 8. 50, but this cost may vary significantly. 70 and the Part D is $55. Part B IRMAA premiums (2024) Individual . 90 in 2023. 2024 Cheat Sheet; Medicare Workshop; Social Security; Calculators; Forms; FaceBook Group; Newsletter. According to latest Medicare Board of Trustees report from the IRMAA brackets will increase by over 6. In 2022, Medicare Part B saw a high increase of premium of 14. In 2024, the Part B base premium is $174. 70 for 2024, an increase of $9. Part B premiums are expected to increase 6. 70 each month. Therefore, Medicare Part B prices will increase in 2024. 70 in 2024) for most. Which yes is better than what the IRMAA is. The Medicare IRMAA is based on how much you earn in one year—you must make less than $88,000 per year or less as an individual or $176,000 per year or less as a couple if you want to avoid paying an extra cost. Those who have incomes above $88,000 per year pay more for their Medicare Part B premiums as well as any Part D (prescription drug coverage) premiums through the Income-Related Monthly Adjustment. Remember the income listed is for 2022. 5% (jumping from $148. The average total Part D premium is the sum of the average basic premium and the average supplemental premium for plans with enhanced coverage and is the most accurate current projection of what. 70 is $9. The increased premium over the based amount is called IRMAA and stands for Income-Related Monthly Adjustment Amount . Medicare's annual open enrollment period begins Oct. 60 per month for Medicare Part B in 2024. Part B premiums. 90 in 2023. This significant increase is due to a combination of factors, including the estimated rise in monthly Social Security benefits with a 3% COLA, the potential impact of the new. If your income is above $97,000 as an individual or $194,000 as a married couple (in 2022 or 2023), you may have to pay an additional monthly adjustment amount based on your income. 70 for 2024, an increase of $9. Social Security will tell you the exact amount you’ll pay for Part B in 2024. The amounts are based on a person. For most participants, the cost of Medicare Part B will be $174. $194,000 or. If you re not sure if you are enrolled in Medicare Part B, check with Social Security Visit ssa. The income-related monthly adjustment amount (IRMAA) sliding scale is a set of statutory percentage-based tables used to adjust Medicare Part B and Part D prescription drug coverage premiums. IRMAA and Income Changes. 60 per month or 14. Medicare recipients with 2022 incomes exceeding $103,000 (single filers) or $206,000 (married filing jointly) will pay a premium between $244. 2%. 60 from this year’s monthly premium of $148. 20/month from $170. This charge is in addition to your Medicare Part B and Part D premiums — and if you don’t pay attention to the rules governing it, you might find yourself stuck with a bill you didn’t expect. 90 in 2023. It’s an extra charge added to your standard Part B premium if your Modified Adjusted. Search this website. Today, the Centers for Medicare & Medicaid Services (CMS) released the Calendar Year (CY) 2024 Advance Notice of Methodological Changes for Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies (the Advance Notice). Medicare’s Part B standard monthly premium will increase to $174. Read more here. What is the cost of Medicare Part B for 2024? Medicare Part B covers medical insurance benefits and includes monthly premiums, an annual deductible, coinsurance and other potential costs. 00 $238. In January 2024, most U. The Part B deductible is $226 in 2023 and $240 in 2024. However, some people may receive a bill for more than that amount. (IRMAA). 70 each month. 00% for IRMAA-Part B and for IRMAA-Part D the surcharges will inflate by 5. 80. 44% estimated MA risk score trend included in the 2024 Rate Announcement Fact Sheet is calculated using a blend of 67% of the MA risk score trend calculated with the current model (the 2020 model, 5. 2024 IRMAA Cost Sharing for Higher Income Medicare Beneficiaries. 0% risk score trend) and 33% of the risk score trend calculated with the updated model. 70 in 2024, an increase of $9. The increase in the 2024 Part B standard premium and deductible is mainly. Since CMS is finalizing a phase in of the 2024 model, the 4. For 2024, the Part B premium is $174. The standard Part B Premium REDUCED $5. Medicare Part B Premium and DeductibleFor 2023, the Medicare Premium Surcharge, based on 2021 tax filings, can be as much as $395. 10 a month for most people in 2022,. Everyone is charged a premium for Medicare Part B coverage. 50. 10 x 12 months = $2,041. In 2003, IRMAA was added as a provision to the Medicare Modernization Act. 70 per month in 2022 under CRS estimates, and $234. 5. the beneficiary’s adjusted gross income (AGI) (found on line 11 of the Internal Revenue Service (IRS) tax filing form 1040), plus. 50. Medicare Part B IRMAA If the Part B IRMAA applies to you, the amount you owe will be added to your Part B premium, which is $164. The standard monthly premium for Medicare Part B enrollees will be $174. As you can see in the table of the amounts that will be in effect in 2024, the IRMAA amounts can add a lot to your total Medicare expenses: Income Threshold for Single Filers. To join a plan, you must: • Be a United States citizen or be lawfully present in the U. Go to . As with the Part B annual deductible, 2024’s IRMAA thresholds represent a rise of 6. The annual deductible for all Medicare Part B beneficiaries will be $240 in. gov means it’s official. 0% risk score trend) and 33% of the risk score trend calculated with the updated model. Questions about your IRMAA or Medicare Part B Reimbursements? Medicare Part B 2022 Reimbursement. As is, I must sell $30K each year just to pay the mortgage plus at least another $40K for living expenses. 80 in 2024, the Centers for Medicare and Medicaid Services (CMS) announced Oct. 60 per month and can be as high as $594. If you've had a life-changing event that reduced your household income, you can ask to lower the additional amount you'll pay for. 50. 80 in its annual report released this year, marking a 6 percent increase. The Medicare Income-Related Monthly Adjustment Amount (IRMAA) is an amount you may pay in addition to your Part B or Part D premium if your income is above a certain level. 90 to $174. 90 per month in 2023 ($174. The premium increase comes on the heels of a decrease in 2023 in the Part B. The Part B deductible will. While most people who receive Medicare benefits when they reach age 65 will never have to worry about IRMAA, those with higher incomes are charged extra each month for their coverage. The standard monthly premium for Medicare Part B is $174. 70. Beginning January 1, 2024, this change will provide the full low-income subsidy to those who currently qualify for the partial subsidy. X X X – X. On November 12, 2021, the Centers for Medicare & Medicaid Services (CMS) released the 2022 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2022 Medicare Part D income-related monthly adjustment amounts. Medicare premiums can never be reduced below the base amounts. 80 from $164. A 40% surcharge on the Medicare Part B premium is about $840/year per person or about $1,700/year for a married couple both on Medicare. ENROLLEE INFORMATION. Medicare health and drug plan. Retirement is a Life Changing Event that allows a person to consider appealing their IRMAA. A. Medicare Information FAQs. 50 in 2024), according to the Centers for Medicare & Medicaid Services. Part B monthly premium. For example,. If your Modified Adjusted Gross Income (MAGI) as reported on your IRS tax return from 2 years ago (i. The 2024 standard monthly Medicare Part B premium will increase by 6% between 2023’s $164. 7. IRMAA stands for the Income Related Monthly Adjustment Amount that is added to some people’s Medicare premiums. The Social Security Administration (SSA) determines who pays an IRMAA based on the income reported 2 years prior. We note that for the 2024 benefit year, as described in 45 CFR 156. Most retirees pay for Medicare directly out of Social Security, so when premiums go up, this reduces the extra income the COLA provides. beneft to members who have Medicare—the FEP Medicare Prescription Drug Program (MPDP). People who are single with an adjusted gross income of more than $97,000 or married filing jointly with income greater than $194,000 pay a high-income surcharge (officially called the Income-Related Monthly. 50. Note: You may also pay a higher premium if you have a Part B or Part D late enrollment penalty. The . For 2024, the standard Medicare Part B monthly rate is $174. Although Medicare Part B will generally cost $174. 80 increase from this year, the Centers for Medicare & Medicaid Services. More critical is keeping income low to keep my wife's Covered CA (Obamacare) premiums low until she hits Medicare in 2 years. Get an estimate of when you're eligible for Medicare and your premium amount. Here are the Part B IRMAA premiums for 2024 (based on 2022 income tax returns; the . The Part B basic premium in calendar year 2023 is scheduled to be $164. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024, an increase of $14 from the annual deductible of $226 in 2023. 2024 Medicare Advantage ratebook and Prescription Drug rate information. The base Medicare Part D premium varies based on which plan you pick. Medicare Part B Premium and DeductibleStarting January 1, 2024, if you have Medicare drug coverage (Part D) and your drug costs are high enough to reach the catastrophic coverage phase, you don’t have to pay. Because income changes from year to year, the IRMAA amount can also change accordingly. 90 per month for those in the lowest income-adjustment bracket. Medicare Part B Deductible and Coinsurance: The 2024 annual Medicare Part B deductible is $240. 80 more per month, per person. 70 in 2024). applicable premium is shown on the right. , 2022) is above a certain amount, you’ll pay the standard premium amount and an Income Related Monthly Adjustment. In 2023, single taxpayers who earn between $97,000 and $123,000 and. 70 in 2024, an increase of $9. The Medicare Part B penalty increases your monthly Medicare Part B premium by 10% for each full 12-month period you did not have creditable coverage. 50. Call Now for Help! 1-888-891-0229. The increase in the 2024 Part B standard premium and deductible is. The Medicare Board of Trustees estimated the Medicare Part B premium for 2024 could be $174. will increase from $7,400 in 2023 to $8,000 in 2024. 70, increasing by about $9 from the previous year. Starting January 2024, Medicare Part D beneficiaries will reach the catastrophic coverage level when their out-of-pocket and manufacturer-subsidized drug costs total. 2024 Medicare Part D IRMAA. The average Part D premium is around $55. Medicare premiums are based on your last income tax return on file, which in 2023 would be 2021. 80 a month. The annual deductible for all Medicare Part B beneficiaries will be. If your income two years ago was higher because you were working at that time and now your income is significantly lower because you retired (“work reduction” or “work stoppage”), you can appeal the IRMAA initial determination. premium shown includes the IRMAA surcharge. Note that if MAGI is even $0. The standard premium amount is the same for everyone, regardless of income, but IRMAA is based on a person’s modified adjusted gross income (MAGI) as reported on their federal tax return from two years prior. Medicare recipients who reach a certain income level must pay a surcharge in the form of an Income Related Monthly Adjustment Amount, or IRMAA. For the part of the population that does not pay the higher premium amounts, Medicare pays approximately 75% of the cost of the Medicare Part B premium. 12. This notice tells you about income-related Medicare Part B and Part D premium adjustments for the coming year. We have all 12 data points out of 12 for the IRMAA brackets in 2024 (based on 2022 income). However, if your individual income goes above $97,000, or $194,000 if filing taxes jointly, you'll pay the following income-related monthly adjustment amounts (IRMAA) in addition to the standard premium: · $238. 30 each, a combined amount of $1,156. The Centers for Medicare & Medicaid Services (CMS) released the 2024 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2024. 7 p. Anyway, the IRMAA threshold is so high (~$182K for married) we will stay well below, unless I get another job. The standard monthly premium for Medicare Part B enrollees will be $174. The standard Medicare Part B premium is $174. Social Security will tell you the exact amount you’ll pay for Part B in 2024. Called an Income-Related Monthly Adjustment Amount (IRMAA), this added fee is added to your monthly premium costs. Total Monthly Premium. Medicare Advantage Plans (Part C) & Medicare Drug Coverage (Part D) PremiumsYou'll get this notice if you have Medicare Part B and/or Part D and Social Security determines that any Income Related Monthly Adjustment Amounts (IRMAA) apply to you. If their modified adjusted gross income (MAGI) is higher than a certain threshold, they might pay more. 80 from $164. You are eligible for MPDP if you are: An FEP member . The Medicare. 80. 90 in 2023. 2. getty. Medicare Part B, which was $170. Because the 2024 income-adjusted rates are based on 2022 tax records, they may not accurately reflect the financial. This change would not be among. The standard monthly Medicare Part B premiums in 2024 are $174. 10 per month. Medicare Part B covers outpatient care like doctor’s office visits, preventive care, scans and tests. These amounts are added onto your Part B and Part D each month. A nyone in the United States claiming Medicare and earning over $91,000 a year whilst being enrolled in Medicare Part B and/or Medicare Part D has a surcharge added to their premiums, with this. Part B covers 2 types of services. Individuals $123,001-$153,000 or couples $246,001. If you are eligible for Medicare, you must be enrolled in the hospital (Part A) and medical (Part B) portions of Medicare at the time of your retirement. 80 from $164. After the deductible has been paid, Medicare pays most (generally 80%) of the approved cost of care for services under Part B while you pay the remaining cost (typically 20%) for services such as doctor visits, outpatient therapy, and durable medical equipment. Some Medicare. 9%. Base Medicare Part B premiums rose 7. 10 from $135. Last year's decrease came after Medicare limited its coverage of a new, expensive Alzheimer's drug, CMS said. An IRMAA is a surcharge added to your monthly Medicare Part B and Part D premiums, based on your yearly income. IRMAA. After you meet the deductible, you’re responsible for 20% coinsurance for the Medicare-approved amount for medical services and equipment. In 2024, with the inflation adjustment to the IRMAA brackets, you will no longer have a Part D or Part B IRMAA payment. This implements section 11404 of the IRA and will improve access to affordable prescription drug coverage for approximately 300,000 low-income individuals with Medicare. 70 in 2024, an increase of $9. On September 27, 2022, the Centers for Medicare & Medicaid Services (CMS) released the 2023 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2023 Medicare Part D income-related monthly adjustment amounts. A small number of people may pay a premium that is lower than the base premium in 2024. Part B. The annual deductible for all Medicare Part B beneficiaries will be. 70 for Medicare Part B in 2024, an increase of $9. IRMAA can be significant, so understanding it can help you better estimate your health care expenses in retirement and avoid unwanted surprises. no added premium cost. For example, if you have a 2021 income of $200,000 as an individual, you’d fall into the highest Part B IRMAA bracket and pay an extra $395. Medicare Part B Premium and DeductibleEach year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. For 2024, the Part B premium is $174. The Part B premium went from $164. 50 in 2021 to $170. Medically necessary services: Services or supplies that are needed to diagnose or treat your medical condition and that meet accepted standards of medical practice. 50 in 2024. 90 in 2023. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. Starting January 1, 2024, if you have Medicare drug coverage (Part D) and your drug costs are high enough to reach the catastrophic coverage phase, you don’t have to pay. Individuals $123,001-$153,000 or. Learn how the 2024 Medicare Part B premium is calculated based on your income from two years ago and what you can do to reduce or avoid the IRMAA surcharge. Most enrollees pay the standard Medicare Part B premium which is $174. IRMAA is an extra fee that you pay on top of your Medicare Part B and D rates if you earn above a certain threshold. The Medicare IRMAA for Part B went into effect in 2007, while the IRMAA for Part D was implemented as part of the Affordable Care Act in 2011. Since 2007, a beneficiary’s Part B monthly premium is based on his or her income. IRMAA charges affect. The average monthly premium for Medicare Advantage enrollees is $18. Single Married Total Monthly Part B Premium IRMAA Part D 6 $91,000 or less $182 ,000 or less $170. Part B deductible REDUCED $7 from $233 in 2022 to $226 in 2023. IRMAA stands for Income-Related Monthly Adjusted Amount. 2. 2nd Surcharge Bracket: 6:42%. Married Submitting Collectively: >= $750,000. . The standard monthly premium for Medicare Part B will be $174. Medicare recipients with 2022 incomes exceeding $103,000 (single filers) or $206,000 (married filing jointly) will pay a premium between $244. Medicare Part B covers outpatient care like doctor’s office visits, preventive care, scans and tests. The amount of your IRMAA then increases incrementally depending on how much more you earn above the threshold. 80 in 2024, an almost $10 monthly increase from the $164. It is a surcharge on top of the current year’s Medicare Part B and Part premiums for those who earn too much money. Watch on. 70 , an increase of nearly $10 a month. If you make more than a certain amount of money, you’ll pay more for Medicare Part B and Part D premiums. Based on current projections, Medicare Part B premiums in 2024 are expected to increase by $10, resulting in a monthly premium of $174. You can send the application and proofs of all payments to our secure fax number at 518-485-5590 or mail to: Q. S. 90 per month in 2023 ($174. The Medicare IRMAA for Part B went into effect in 2007, while the IRMAA for Part D was implemented as part of the Affordable Care Act in 2011. Here’s how it works. CMS previously announced that the average total monthly premium for Medicare Part D coverage is projected to be approximately $55. 92% for IRMAA-Part D. Remember the income listed is for 2022. Oversimplifying, our taxable. Therefore, Medicare Part B prices will increase in 2024. Across the country, the total number of 2024 Medicare Advantage plans will increase to 5,377, as compared to 5,369 plans in 2023. The annual deductible for all Medicare Part B beneficiaries will be. 70 per month in 2024. That comes out to be $9. 50. It’s the premium surcharge that people with higher incomes pay for Medicare. IRMAA is an extra fee that you pay on top of your Medicare Part B and D rates if you earn above a certain threshold. The standard Part B premium for most people in 2024 is $174. 70. Medicare Part B (Medical Insurance) Costs. Income brackets and surcharge amounts for Part B and Part D IRMAA For 2024, the income brackets for Part B and Part D are the same. This expected amount is a decrease of 1. Not all plans offer all benefits mentioned. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024, an increase of $14 from the annual deductible of $226 in 2023. IRMAA is a means-tested adjustment that is applied to the standard premium amount for Medicare Part B and Part D drug coverage. By David Enna, Tipswatch. For the part of the population that does not pay the higher premium amounts, Medicare pays approximately 75% of the cost of the Medicare Part B premium. Top. The annual deductible for. Medicare Part D premium inflation rate: But 7% of people with Part B get hit with a special Medicare monthly surcharge that can boost those premiums dramatically. That is an increase in cost of almost $10 per month compared to the 2023 standard monthly cost of $164. The Medicare Part B premiums, the IRMAA brackets and add-on were just announced. Although not described as a tax, it can behave as a tax. Estimate my Medicare eligibility & premium. The highest IRMAA tier is for those with incomes that exceed $750,000 for married, filing jointly and $500,000 for single filers. Ammar Mas-Oo-Di/EyeEm/Getty Images. 90 per month. 80 from. Those who filed jointly with an income of $182,000 or less. 70. Before Filing Your 2022 Federal Taxes. A surcharge is also imposed on those with Part D drug plan coverage. Medicare Part B Premiums 2024 and Part D premiums are expected to be: 6. 10 in 2022. 60 per person and $235. 70 and the Part D is $55. 70 for 2024, an increase of $9. The annual deductible for all Medicare Part B beneficiaries will be $240 in. However, for those above the IRMAA threshold, premiums range between $230. Let’s break down what this acronym means. 10). This Income-Related Monthly Adjustment Amount (IRMAA) is essentially a surcharge applied to Part B and Part D premiums for beneficiaries whose income exceeds specific thresholds. On average the IRMAA Brackets have inflated from 2007 to 2021 as follows: 1st Surcharge Bracket: 4. Higher-income Medicare beneficiaries also pay a surcharge for Part D. More critical is keeping income low to keep my wife's Covered CA (Obamacare) premiums low until she hits Medicare in 2 years. 50, though this varies based on individual plans. 2023 Part B deductible—$226 before Original Medicare starts to pay. Beneficiaries of Medicare Part D prescription drug plans may also pay a monthly premium for their drug coverage. That's. Dental insurance. SSA would assign IRMAA based on their 2022 AGI of $280,000, and they would have to pay $524. 3. You have to have Part B to be enrolled in a Medigap plan. 40 a month—$912 a year—on top of Part D premiums charged by. e. IRMAA is an additional fee that certain high-income individuals and couples must pay on top of their regular Medicare Part B and Part D premiums. There are five IRMAA-related MAGI brackets for Part B for those filing single as well as for those who are married filing jointly. 2024 IRMAA Thresholds if CPI-U remains constant and legislation is not passed by Congress . 2024 IRMAA Updates: The standard Medicare Part B premium is set at $174. In 2024, the standard Part B monthly premium is $174. This amount is based the Medicare trustees report released in March 2023. Here is how it works. Medicare Part D, which is drug coverage offered by private insurance companies, has a monthly premium that varies. Medicare recipients with 2022 incomes exceeding $103,000 (single filers) or $206,000 (married filing jointly) will pay a. Medicare health and drug plan. This change would not be among. 9% increase for the 2022 premium. On September 27, 2022, the Centers for Medicare & Medicaid Services (CMS) released the 2023 premiums, deductibles, and coinsurance amounts for the Medicare Part A and. The Centers for Medicare and Medicaid Services (CMS) announced the monthly Medicare Part A and B premiums for 2024 on Thursday, with the costs set to go up by 6 percent next year. 90. 90 in 2023. The IRMAA surcharges, or dollar additions, are also adjusted annually, but I think they adjust to the change in Medicare costs. The standard monthly premium for Medicare Part B enrollees will be $174. The 2024 Medicare IRMAA surcharge kicks in when modified adjusted gross income exceeds $103,000 for single taxpayers or $206,000 for married couples filing jointly. 90 in 2023. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. 90 to $81, depending on their income from two years ago. gov/locator or call 1-800-772-1213, TTY 1-800-325-0778, 8 a. A popular pre-retirement accumulation strategy is to defer. The surcharge, known as IRMAA (income-related monthly adjustment amount), applies to Medicare Part B and Part D premiums. Most other Medicare Part D beneficiaries earning over $103,000 individually or over $206,000 for couples filing joint will see a small increase in their Part D IRMAA payments. 90 in 2023. 50 (monthly plan premium + $31. 90 in 2023, which is down $5. The idea behind the IRMAA was that Medicare Part B premiums are intended to cover about 25% of the actual cost of the program, with the other 75% effectively representing a subsidy to retirees. The income brackets are the same. 80 from $164. Decoding the Medicare IRMAA Surcharge. Who pays a higher Part B premium because of income? IRMAA is a surcharge that people with income above a certain amount must pay in addition to their Medicare Part B and Part D premiums. no added premium cost. you’ll receive an IRMAA and pay additional costs for Part B and Part D coverage. Income brackets and surcharge amounts for Part B and Part D IRMAA For 2024, the income brackets for Part B and Part D are the same. For higher-income beneficiaries, a surcharge known as the income-related monthly adjustment amount, or IRMAA, is added on top of the standard premium for. 1. 70 for 2024, an increase of $9. 80 to $560. What is IRMAA? IRMAA is the Income Related Monthly Adjustment Amount added to your Medicare Part B and Medicare Part D premiums. The Medicare Board of Trustees estimated the Medicare Part B premium for 2024 could be $174. 90. 10 $12. At your current income level, in 2024, you would pay just around $3,506 in annual Medicare premiums combined for Part B ($2,935) and Part D (around $571 on average). 60 to the standard Part B premium.