Part B Doctor Coverage

Part B Monthly Premium Table

File individual tax return w/ income* File Joint Tax Return w/ income* File married & separate tax return* 2021 Part B Monthly Adjustment 2021 Total Monthly Part B Premium
Less than or equal to $88,000 Less than or equal to $176,000 Less than or equal to $88,000 $0.00 $148.50
Greater than $88,000 but less than $111,000 Greater than $176,000 but less than $222,000 n/a $59.40 $207.90
Greater than $111,000 but less than $138,000 Greater than $222,000 but less than $276,000 n/a $148.50 $297.00
Greater than $138,000 and less than $165,000 Greater than $276,000 but less than $330,000 n/a $237.60 $386.10
Greater than $165,000 and less than $500,000 Greater than $330,000 but less than $750,000 Greater than $88,000 but less than $412,000 $326.70 $475.20
Greater than $500,000 Greater than $750,000 Greater than $412,000 $356.40 $504.90

*Based off 2019 tax return filed

Part B Late Enrollment Penalty

If you don’t sign up for Part B when you’re first eligible, you’ll have to pay a late enrollment penalty. You’ll have to pay this penalty for as long as you have Part B. Your monthly premium for Part B may go up 10% for each full 12-month period that you could have had Part B, but didn’t sign up for it. Also, you may have to wait until the General Enrollment Period (from January 1 to March 31) to enroll in Part B. Coverage will start July 1 of that year.

Part B covers:

  • Medical Expenses
    • Physicians’ services
    • Inpatient and outpatient medical and surgical services and supplies
    • Physical and speech therapy
    • Diagnostic tests
    • Durable medical equipment
  • Laboratory Services
  • Home Health Care
Services: Part B Coverage Medicare Pays In 2021 You Pay
Medical Expenses 80% of approved amounts, after $203 Deductible $203 Annual Deductible, 20% of approved amounts
Clinical Laboratory Services 100% of approved amounts $0
Home Health Care 100% of approved amounts $0

For more information click here or call (866) 994-2338.

Data from Medicare.gov