Medicare Part A and B Premiums

Medicare Part A is free for Most Individuals.

Most People Pay The Standard Part B Premium.

You’ll pay the standard Medicare Part B premium amount if:
You enroll in Part B for the first time in 2023 or after
You don’t get Social Security benefits
You’re directly billed for your Part B Medicare premiums.
You have Medicare and Medicaid, and Medicare pays your premiums. (Your state will pay the standard premium.)
Your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount. ​If so, you’ll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium.

Medicare Part D Premiums

  • Just like Part B, your Medicare costs for Part D varies based on income. Your Medicare Part D Premiums for 2023 also vary by plan. Each state may have 20 or more plans to choose from.
  •  You can find plans that start around $5.20/month in PA.
  • You will pay the plans published base premium unless you are in a higher income bracket. People with higher incomes pay more for Part D. It’s important to factor this in if you are comparing the potential costs for Medicare Part D against other insurance, such as employer insurance.