2024 MEDICARE COSTS
INCOME RELATED MONTHLY ADJUSTMENT AMOUNT (IRMAA)
Your Modified Adjusted Gross Income (MAGI) as reported to the IRS from 2 years ago is above a certain amount.
PART B
Monthly premium payment
If your yearly income in 2022 was...
File individual tax return
$103,000 or less
above $103,001 - $129,000
above $129,001 - $161,000
above $161,001 - $193,000
above $193,001 - $499,999.99
greater than or equal to $499,999.99
File joint tax return
$206,001 or less
above $206,001 - $258,000
above $258,001 - $322,000
above $322,001 - $386,000
above $386,001 - $749,999
above $749,999.99
You pay (in 2024)
$174.70
$244.60
$349.40
$454.20
$559.00
$594.00
PART D
Monthly premium payment
If your income is above certain limits, you will pay an Income Related Monthly Adjustment Amount (IRMAA) in addition to your Part D prescription drug plan monthly insurance premium payment.
If your yearly income in 2022 was...
File individual tax return
$103,000 or less
above $103,001 - $129,000
above $129,001 - $161,000
above $161,001 - $193,000
above $193,001 - $499,999.99
greater than or equal to $499,999.99
File joint tax return
$206,001 or less
above $206,001 - $258,000
above $258,001 - $322,000
above $322,001 - $386,000
above $386,001 - $749,999
above $749,999.99
You pay (in 2024)
your plan premium
$12.90 + your plan premium
$33.30 + your plan premium
$53.80 + your plan premium
$74.20 + your plan premium
$81.00 + your plan premium