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* 2019 Part B Monthly Adjustment 2019 Total Monthly Part B Premium
Less than or equal to $85,000 Less than or equal to $170,000 Less than or equal to $85,000 $0.00 $135.50
Greater than $85,000 but less than $107,000 Greater than $170,000 but less than $214,000 n/a $54.10 $189.60
Greater than $107,000 but less than $133,000 Greater than $214,000 but less than $267,000 n/a $135.40 $270.90
Greater than $133,000 and less than $160,000 Greater than $267,000 but less than $320,000 n/a $216.70 $352.20
Greater than $160,000 and less than $500,000 Greater than $320,000 but less than $750,000 Greater than $85,000 but less than $415,000 $297.90 $433.40
Greater than $500,000 Greater than $750,000 Greater than $415,000 $325.00 $460.50

*Based off 2017 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 2019 You Pay
Medical Expenses 80% of approved amounts, after $185 Deductible $185 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