Medicare Part B

Have questions?

1-800-577-2075

Medicare Part B Coverage & Costs - 2020

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 $198 of Approved Amounts

$0

$198

  • Remainder of Approved Amounts

Generally 80%

20%

 

The standard Medicare Part B premium amount in 2020 will be $144.60. Most people will pay the standard Part B premium amount. If you modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you'll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium.

If your yearly income in 2018 (for what you pay in 2020) was

You pay each month (in 2020)

File individual tax return

File joint tax return

File married & separate tax return

$87,000 or less

$174,000 or less

$87,000 or less

$144.60

above $87,000 up to $109,000

above $174,000 up to $218,000

Not applicable

$202.40

above $109,000 up to $136,000

above $218,000 up to $272,000

Not applicable

$289.20

above $136,000 up to $163,000

above $272,000 up to $326,000

Not applicable

$376.00

above $163,000 and less than $500,000

above $326,000 and less than $750,000

above $87,000 and less than $413,000

$462.70

$500,000 or above

$750,000 and above

$413,000 and above

$491.60