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2023 Medicare Part B Premiums

Medicare Part A & B Premiums, Deductibles, Part D IRMAA and More

Medicare Part B Premium and Deductibles

Medicare Part B has a monthly premium, as well as a yearly deductible and covers 2 types of services:

- Medically necessary services to diagnose or treat a medical condition.

- Preventive services and health care to prevent and detect illnesses at an early age. Including outpatient doctor visits, tests/screenings, clinical research, ambulance services, durable medical equipment (i.e. wheelchairs), etc.

2023 Part B
Premium

$164.90

2023 Medicare Part B Premiums will DECREASE by $5.20 per month to $164.90, down from $170.10 in 2022.

2023 Part B
Deductible

$226.00

The Medicare Part B Deductible will DECREASE by $7.00 per year to $226.00, down from $233.00 in 2022.

Medicare Part B and Part D
Income-Related Monthly Adjustment Amounts (IRMAA)

In 2023, most people will pay $164.90 for their Part B Premium. However, if your income falls above a certain amount ($97,000+ for an individual or $194,000+ for a couple), you may have to pay a penalty in addition to your premium, known as Income Related Monthly Adjustment Amount (IRMAA).

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“The Medicare Whisperer™” is a division of Wise Choices Financial LLC™. Neither “The Medicare Whisperer™” nor Wise Choices Financial LLC™ are employed by, authorized by, or certified by Medicare. Medicare and “The Medicare Whisperer™”/Wise Choices Financial LLC™ are separate entities and are not affiliated.