The post below describes 2019 Medicare Part D premium and Part B premium based on income.
Medicare Part B Premium based on Income – 2019
The standard Part B premium amount in 2019 is $135.50. Most people will pay the standard Part B premium amount. If your Modified Adjusted Gross Income (MAGI) as reported on your IRS tax return from 2 years ago (i.e., 2017) 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.
The chart below shows the 2019 Part B premiums.
| If your filing status and yearly income in 2017 was |
| File individual tax return |
File joint tax return |
File married & separate tax return |
You pay monthly in 2019 |
| $85,000 or less |
$170,000 or less |
$85,000 or less |
$135.50 |
| above $85,000 up to $107,000 |
above $170,000 up to $214,000 |
not applicable |
$189.60 |
| above $107,000 up to $133,500 |
above $214,000 up to $267,000 |
not applicable |
$270.90 |
| above $133,500 up to $160,000 |
above $267,000 up to $320,000 |
not applicable |
$352.20 |
| above $160,000 up to $500,000 |
above $320,000 up to $750,000 |
above $85,000 up to $415,000 |
$433.40 |
| above $500,000 |
above $750,000 |
above $415,000 |
$460.50 |
Table 1. Medicare Part B Premium based on Income – 2019
For more information, visit Medicare Part B Costs.
Medicare Part D Premium based on Income – 2019
The Part D monthly premium varies by plan. Most people only pay their Part D premium.
If your modified adjusted gross income is above a certain limit, you may pay a Part D income-related monthly adjustment amount (Part D-IRMAA) in addition to the plan’s premium. You’ll pay the Part D-IRMAA amount in addition to your monthly plan premium, and this extra amount is paid directly to Medicare, not to your plan.
The chart below shows the estimated prescription drug plan monthly premium based the Modified Adjusted Gross Income (MAGI) reported on your IRS tax return from 2 years ago. It is the most recent tax return information provided to Social Security by the IRS.
| If your filing status and yearly income in 2017 was |
| File individual tax return |
File joint tax return |
File married & separate tax return |
You pay monthly in 2019 |
| $85,000 or less |
$170,000 or less |
$85,000 or less |
Your plan premium |
| above $85,000 up to $107,000 |
above $170,000 up to $214,000 |
not applicable |
$12.40 + your plan premium |
| above $107,000 up to $133,500 |
above $214,000 up to $267,000 |
not applicable |
$31.90 + your plan premium |
| above $133,500 up to $160,000 |
above $267,000 up to $320,000 |
not applicable |
$51.40 + your plan premium |
| above $160,000 up to $500,000 |
above $320,000 up to $750,000 |
above $85,000 up to $415,000 |
$70.90 + your plan premium |
| above $500,000 |
above $750,000 |
above $415,000 |
$77.40 + your plan premium |
Table 2. Medicare Part D Premium based on Income – 2019
For more information, visit Medicare Monthly Premium for Drug Plans.
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