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* | 2023 Part B Monthly Adjustment | 2023 Total Monthly Part B Premium |
---|---|---|---|---|
Less than or equal to $97,000 | Less than or equal to $194,000 | Less than or equal to $97,000 | $0.00 | $164.90 |
Greater than $97,000 but less than $123,000 | Greater than $194,000 but less than $246,000 | n/a | $65.90 | $230.80 |
Greater than $123,000 but less than $153,000 | Greater than $246,000 but less than $306,000 | n/a | $164.80 | $329.70 |
Greater than $153,000 and less than $183,000 | Greater than $306,000 but less than $366,000 | n/a | $263.70 | $428.60 |
Greater than $183,000 and less than $500,000 | Greater than $366,000 but less than $750,000 | Greater than $97,000 but less than $403,000 | $362.60 | $527.50 |
Greater than $500,000 | Greater than $750,000 | Greater than $403,000 | $395.60 | $560.50 |
*Based off 2021 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 2023 You Pay |
---|---|---|
Medical Expenses | 80% of approved amounts, after $226 Deductible | $226 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 (888) 805-7701.
Data from Medicare.gov