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* 2024 Part B Monthly Adjustment 2024 Total Monthly Part B Premium
Less than or equal to $103,000 Less than or equal to $206,000 Less than or equal to $103,000 $0.00 $174.70
Greater than $103,000 but less than $129,000 Greater than $206,000 but less than $258,000 n/a $69.90 $244.60
Greater than $129,000 but less than $161,000 Greater than $258,000 but less than $322,000 n/a $174.70 $349.40
Greater than $161,000 and less than $193,000 Greater than $322,000 but less than $386,000 n/a $279.50 $454.20
Greater than $193,000 and less than $500,000 Greater than $386,000 but less than $750,000 Greater than $103,000 but less than $397,000 $384.30 $559.00
Greater than $500,000 Greater than $750,000 Greater than $397,000 $419.30 $594.00

*Based off 2022 tax return filed, using Modified Adjusted Gross Income

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 2024 You Pay
Medical Expenses 80% of approved amounts, after $240 Deductible $240 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