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What are the IRMAA amounts for Part B this year?

Higher-income beneficiaries must pay more for Medicare Part B, medical insurance. This is known as the Income-related Monthly Adjustment Amounts or IRMAA, for short. The adjustments are based on a modified adjusted gross income (MAGI) determined by tax-exempt interest (line 2B on the tax statement) and the modified adjusted gross income (line 7B) and added to the standard premium of $144.60.

In 2020, Social Security updated the thresholds for IRMAA. A single filer will be subject when the MAGI is $87,000, an increase of $2,000 from 2019. And, for those filing a joint return, the threshold is $174,000, an increase of $4,000.

Beneficiaries who file a joint tax return* with an MAGI of:

  • Less than/equal to $174,000 will not pay Part B IRMAA.
  • Greater than $174,000 but less than or equal to $218,000 will pay an adjustment of $57.80 for a total premium of $202.40.
  • Greater than $218,000 but less than or equal to $272,000 will pay an adjustment of $144.60 for a total premium of $289.20.
  • Greater than $272,000 but less than or equal to $326,000 will pay an adjustment of $231.40 for a total premium of $376.00.
  • Greater than $326,000 but less than $750,000 will pay an adjustment of $318.10 for a total premium of $462.70.
  • Greater than or equal to $750,000 will pay an adjustment of $347.00 for a total premium of $491.60.

Beneficiaries who file an individual tax return with an MAGI of:

  • Less than or equal to $87,000 will not pay IRMAA.
  • Greater than $87,000 but less than or equal to $109,000 will pay an adjustment of $57.80 for a total premium of $202.40.
  • Greater than $109,000 but less than or equal to $136,000 will pay an adjustment of $144.60 for a total premium of $289.20.
  • Greater than $136,000 but less than or equal to $163,000 will pay an adjustment of $231.40 for a total premium of $376.00.
  • Greater than $163,000 but less than $500,000 will pay an adjustment of $318.10 for a total premium of $462.70.
  • Equal to or greater than $500,000 wwill pay an adjustment of $347.00 for a total premium of $491.60.

Beneficiaries who are married but file an individual tax return with an MAGI of:

  • Less than or equal to $87,000 will not pay IRMAA.
  • Greater than $87,000 but less than $413,000 will pay an adjustment of $318.10 for a total premium of $462.70.
  • Equal to or greater than $413.00 will pay an adjustment of $347.00 for a total premium of $491.60.

Important: If both the husband and wife are on Medicare, each will pay the adjustment.

Last updated: 01-02-2020