2024 Part B Premiums

2024 MEDICARE PART B PREMIUMS

The standard Medicare Part B Premium in 2024 is $174.70. 

If you have been blessed to make to make enough money to pay above the stand rate, you can expect to pay the amount shown in the charts below.  Note that there are three categories to consider:

  1. You file an individual tax return.
  2. You file a joint tax return.
  3. You are married but file a separate tax return.

2024 PART B PREMIUMS

The following charts are copied directly from Medicare.gov
(
2024 Medicare Parts A & B Premiums and Deductibles | CMS)

2024 Medicare Full Part B Coverage
Beneficiaries who file individual tax returns with modified adjusted gross income:Beneficiaries who file joint tax returns with modified adjusted gross income:Income-Related Monthly Adjustment AmountTotal Monthly Premium Amount
Less than or equal to $103,000Less than or equal to $206,000$0.00$174.70
Greater than $103,000 and less than or equal to $129,000Greater than $206,000 and less than or equal to $258,000$69.90$244.60
Greater than $129,000 and less than or equal to $161,000Greater than $258,000 and less than or equal to $322,000$174.70$349.40
Greater than $161,000 and less than or equal to $193,000Greater than $322,000 and less than or equal to $386,000$279.50$454.20
Greater than $193,000 and less than $500,000Greater than $386,000 and less than $750,000$384.30$559.00
Greater than or equal to $500,000Greater than or equal to $750,000$419.30$594.00
Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses with modified adjusted gross income:Income-Related Monthly Adjustment AmountTotal Monthly Premium Amount
Less than or equal to $103,000$0.00$174.70
Greater than $103,000 and less than $397,000$384.30$559.00
Greater than or equal to $397,000$419.30$594.00

2024 MEDICARE PART B DEDUCTIBLE

This one is simple. It is $240 which is a $7 increase from 2023.

Before choosing an Advantage or Supplement plan, ensure you have a thorough
understanding of Medicare itself. When it’s time to explore your options, don’t
fall for a sales pitch from a single company or an agent representing only one
provider.

At "More Plans More Choices," I can provide you with side-by-side
comparisons from various insurance carriers. More carriers plus more plans
equals more choices.

Call me toll free at (888) 883-6074

Here is my disclaimer.  I gather most of my information from Medicare.gov and to the best of my knowledge, it is accurate.  Please use this information as a guideline and double check it yourself as I am only an average man at my best.

Leave a comment

Jack McGlynn, independent Medicare Plan Provider.

My intention is to help make Medicare a little easier to understand.

Federal rules prohibit me from going into detailed plan information on this site. You can always contact me to talk about your situation. Again, there are rules, but we can talk about that later. For now, just browse my blog and let me know what you think.

Thank you.

Let’s connect