What are the IRMAA amounts for Part B in 2024?
Higher-income beneficiaries must pay more for Medicare Part B, medical insurance. This is known as the Income-related Monthly Adjustment Amounts or IRMAA, for short. The adjustments are based on a modified adjusted gross income (MAGI) determined by tax-exempt interest and the modified adjusted gross income usually from the tax statement two years prior to the current year. This IRMAA adjustment is added to the 2024 standard Part B premium of $`74.70.
In 2024, a single filer or a married individual filing a separate return will be subject when the MAGI is $103,000 and, for those filing a joint return, the threshold is $206,000.
Beneficiaries who file a joint tax return* with an MAGI of:
- Less than or equal to $206,000 will not pay Part B IRMAA.
- Greater than $206,000 but less than or equal to $258,000 will pay an adjustment of $69.90.
- Greater than $258,000 but less than or equal to $322,000 will pay an adjustment of $174.70.
- Greater than $322,000 but less than or equal to $386,000 will pay an adjustment of $279.50.
- Greater than $386,000 but less than $750,000 will pay an adjustment of $384.30.
- Greater than or equal to $750,000 will pay an adjustment of $419.30.
Beneficiaries who file an individual tax return with an MAGI of:
- Less than or equal to $103,000 will not pay IRMAA.
- Greater than $103,000 but less than or equal to $129,000 will pay an adjustment of $69.90.
- Greater than $129,000 but less than or equal to $161,000 will pay an adjustment of $174.70.
- Greater than $161,000 but less than or equal to $193,000 will pay an adjustment of $279.50.
- Greater than $193,000 but less than $500,000 will pay an adjustment of $384.30.
- Equal to or greater than $500,000 will pay an adjustment of $419.30.
Beneficiaries who are married and lived with their spouses at any time during the year but file a separate tax return with an MAGI of:
- Less than or equal to $103,000 will not pay IRMAA.
- Greater than $103,000 but less than $397,000 will pay an adjustment of $397.00
- Equal to or greater than $397,000 will pay an adjustment of $419.30
Find information about 2024 IRMAA here and Part D IRMAA here.
*Important: If both the husband and wife are on Medicare, each will pay the adjustment.
Last updated: 02-27-2024