Quote:
Originally Posted by Rainger99
Before I went on Medicare a few years ago, I thought that Medicare was free. People were always saying that the answer to the health problems in this country was “Medicare for All.” So after paying into Medicare for about 55 years, I expected that I would not have to worry about ever paying for medical coverage again.
To my surprise, I found out that even though I had retired and was not making much money, I still had to pay for Medicare.
I was also surprised to learn that the amount you pay for Medicare depends on how much money you make. The more you make the more you pay.
Married Filing Jointly:
$212,000 or less: Standard premium ($185 in 2025)
Above $212,000 to $266,000: $74.00 surcharge
Above $266,000 to $334,000: $185.00 surcharge
Above $334,000 to $400,000: $295.90 surcharge
Above $400,000 to $750,000: $406.90 surcharge
Above $750,000: $443.90 surcharge
I have learned a lot about Medicare since I retired.
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Note that the "surcharge" is added to the standard $185 rate. The actual rates are:
Part B IRMAA:
Single:
$106,000 or less: $185.00 (standard premium)
$106,001 - $133,000: $259.00
$133,001 - $167,000: $370.00
$167,001 - $200,000: $480.90
$200,001 - $500,000: $591.90
Over $500,000: $628.90
Married Filing Jointly:
$212,000 or less: $185.00 (standard premium)
$212,001 - $266,000: $259.00
$266,001 - $334,000: $370.00
$334,001 - $400,000: $480.90
$400,001 - $750,000: $591.90
Over $750,000: $628.90