Thanks for stopping by to check out the latest updates to the book Real Medicare Stories, The Experiences of My Clients

Here is an index of the updates for 2021

  • Part B Premium and Income Related Monthly Adjustment Amount (IRMAA)
  • Part A & B Premium, Deductibles and Coinsurance https://www.medicare.gov/your-medicare-costs/medicare-costs-at-a-glance
  • Donut hole https://www.medicare.gov/drug-coverage-part-d/costs-for-medicare-drug-coverage/costs-in-the-coverage-gap
  • The Medicare Flow Chart
  • The Turning 65 Checklist (Printable PDF)

2021 Part B Premium

The standard Part B premium amount in 2021 is $148.50. Most people pay the standard Part B premium amount. If your 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 2019 (for what you pay in 2021) was: You pay each month (in 2021)
File individual tax return File joint tax return File married & separate tax return
$88,000 or less $176,000 or less $88,000 or less $148.50
above $88,000 up to $111,000 above $176,000 up to $222,000 Not applicable $207.90
above $111,000 up to $138,000 above $222,000 up to $276,000 Not applicable $297.00
above $138,000 up to $165,000 above $276,000 up to $330,000 Not applicable $386.10
above $165,000 and less than $500,000 above $330,000 and less than $750,000 above $88,000 and less than $412,000 $475.20
$500,000 or above $750,000 and above $412,000 and above $504.90
2021 2k Donut hole graphic

Medicare Questionaire Flow Chart

MedicareProcess
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