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Medicare Part B

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Medicare Part B Coverage 2024

Medicare Part B (Medical Insurance) helps cover:

  • Services from doctors and other health care providers
  • Clinical Research
  • Home health care
  • Outpatient care
  • Injectable and infused drugs
  • Mental health (inpatient, outpatient, partial hospitalization
  • Ambulance services
  • Durable medical equipment (DME)
  • Some preventive services
  • Chemotherapy

 

Services

What Medicare Pays

What you Pay

Medical Expenses

   
  • First $240 of Approved Amounts

$0

$240

  • Remainder of Approved Amounts

Generally 80%

20%

 

 

Full Part B Coverage

Beneficiaries who file individual tax returns with modified adjusted gross income:

Beneficiaries who file joint tax returns with modified adjusted gross income:

Income-Related Monthly Adjustment Amount

Total Monthly Premium Amount

Less than or equal to $103,000

Less than or equal to $206,000

$0.00

$174.70

Greater than $103,000 and less than or equal to $129,000

Greater than $206,000 and less than or equal to $258,000

$69.90

$244.60

Greater than $129,000 and less than or equal to $161,000

Greater than $258,000 and less than or equal to $322,000

$174.70

$349.40

Greater than $161,000 and less than or equal to $193,000

Greater than $322,000 and less than or equal to $386,000

$279.50

$454.20

Greater than $193,000 and less than $500,000

Greater than $386,000 and less than $750,000

$384.30

$559.00

Greater than or equal to $500,000

Greater than or equal to $750,000

$419.30

$594.00

The 2024 Part B total premiums for high-income beneficiaries who only have immunosuppressive drug coverage are shown in the following table:

Part B Immunosuppressive Drug Coverage Only

Beneficiaries who file individual tax returns with modified adjusted gross income:

Beneficiaries who file joint tax returns with modified adjusted gross income:

Income-Related Monthly Adjustment Amount

Total Monthly Premium Amount

Less than or equal to $103,000

Less than or equal to $206,000

$0.00

$103.00

Greater than $103,000 and less than or equal to $129,000

Greater than $206,000 and less than or equal to $258,000

$68.70

$171.70

Greater than $129,000 and less than or equal to $161,000

Greater than $258,000 and less than or equal to $322,000

$171.70

$274.70

Greater than $161,000 and less than or equal to $193,000

Greater than $322,000 and less than or equal to $386,000

$274.70

$377.70

Greater than $193,000 and less than $500,000

Greater than $386,000 and less than $750,000

$377.70

$480.70

Greater than or equal to $500,000

Greater than or equal to $750,000

$412.10

$515.10

Premiums for high-income beneficiaries with full Part B coverage who are married and lived with their spouse at any time during the taxable year but file a separate return, are as follows:

Full Part B Coverage

Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses with modified adjusted gross income:

Income-Related Monthly Adjustment Amount

Total Monthly Premium Amount

Less than or equal to $103,000

$0.00

$174.70

Greater than $103,000 and less than $397,000

$384.30

$559.00

Greater than or equal to $397,000

$419.30

$594.00

Premiums for high-income beneficiaries with immunosuppressive drug only Part B coverage who are married and lived with their spouse at any time during the taxable year but file a separate return, are as follows:

Part B Immunosuppressive Drug Coverage Only

Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses with modified adjusted gross income:

Income-Related Monthly Adjustment Amount

Total Monthly Premium Amount

Less than or equal to $103,000

$0.00

$103.00

Greater than $103,000 and less than $397,000

$377.70

$480.70

Greater than or equal to $397,000

$412.10

$515.10