The amount you pay this year might not be the same as that you pay the following year. Additionally, there is a means test, which means that your income level somewhat determines your premiums. Your monthly premium will increase in proportion to the income you bring in. Your Medicare Part B premiums will generally go up if your earnings go above certain thresholds and the cost of living keeps going up. This is because Medicare assumes that your standard of living will continue to rise.

2022 Medicare Part B Premiums

The premium for Medicare Part B in 2022 will be increased by $21.60 compared to the premium for 2021. The premium rate for 2022 begins at $170.10 per month and reaching a maximum of $578.30 for the 2022 tax year. Your premium will be determined by your modified adjusted gross income (MAGI), which can be found on your tax return for the two years before the current year. Enrolling in Medicare Parts A and B opens concurrently with the window of opportunity to apply for Social Security. The $170.10 applies to taxpayers who are either single or married but file separate tax returns and have MAGIs of $91,000 or less, while the $170.10 applies to taxpayers who are married but file joint returns and have MAGIs of $182,000 or less.

2021 Medicare Part B Premiums

The premium for Medicare Part B in 2021 is $3.90 higher than the previous year, 2020. The premium rate for 2021 begins at $148.50 per month and increases based on your income, reaching a maximum of $504.90 for the 2021 tax year for those who qualify. The $148.50 applies to taxpayers who are either single or married but file separate tax returns and have MAGIs of $88,000 or less, while the $176,000 applies to taxpayers who are married but file joint returns and have MAGIs of $176,000 or less.

2020 Medicare Part B Premiums

The monthly premium for Medicare Part B will be $9.10 higher in 2020 compared to the premium in 2019. The monthly premium for 2020 began at $144.60 and increased based on your income, reaching a maximum of $491.60 for those who qualified for the plan. Your Modified Adjusted Gross Income (MAGI) from the tax return you filed two years before the current year determined your premium (in this case, 2018).

2017 to 2019 Medicare Part B

The $135.50 applied to taxpayers who were either single or married but filed their taxes separately and had MAGIs of $85,000 or less, while the $1700.00 applied to taxpayers who were married but filed their taxes jointly. For the tax years 2017 and 2018, the monthly Part B premium for Medicare was priced at $134. This rate applied to taxpayers who were either single or married but filed their taxes separately. The Social Security Administration did not factor in any cost-of-living increases when calculating the premium rate for 2017.

Premiums for Medicare Part B paid from 2013 to 2016

Compared to the previous year, Medicare Part B premiums increased in 2013, but after that, they remained unchanged until the expected increase in 2016. The premiums for 2013 through 2015 began at a base rate of $104.90 per month and increased for taxpayers who were married but filed separately and had MAGIs of more than $85,000, as well as for married taxpayers who filed jointly and had MAGIs of more than $170,000.

2012 Medicare Part B Premiums

The monthly premiums for Medicare Part B were lower in 2012 compared to what they were in 2011. They began at a monthly cost of $99.90, which was $15.50 less than the monthly premium for those who signed up in 2011. Those taxpayers who had higher incomes contributed a greater amount.

2011 Medicare Part B Premiums

In 2011, the monthly premiums for Medicare Part B totaled 115.40 dollars. Taxpayers who were single or married but filed separately and had MAGIs greater than $85,000 and married couples who filed jointly and had MAGIs greater than $170,000 were subject to a higher tax burden.

Historical Medicare Part B and D Premiums

The Social Security Administration (SSA) website provides historical Medicare Part B and Part D premiums, beginning in 1966 and continuing through 2012. Your Medicare Part B premiums will generally go up if your earnings go above certain thresholds and the cost of living keeps going up. In 1966, the monthly premiums for Medicare Part B were initially set at $3. In 2006, Medicare Part D premiums first went into effect, and the annual deductible was initially set at $250.