Income-Related Monthly Adjustment Amount — higher-income Medicare beneficiaries pay surcharges on Part B and Part D. Surcharges kick in at $103,000 MAGI (single) and $206,000 (MFJ) in 2024.

What does Medicare not cover?

Dental, vision, hearing, and most long-term care. Medigap plans cover copays and deductibles. Part D covers prescription drugs with varying formularies.

When should I enroll in Medicare?

Initial enrollment period is 7 months around your 65th birthday. Missing it without qualifying coverage causes permanent premium penalties of 10% per 12-month period.

Medicare Premium Estimator

Estimate Medicare Part B and Part D premiums based on income using IRMAA income-related adjustment amounts. 2024 base Part B premium: $174.70/month.

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Frequently Asked Questions

What is IRMAA?

What does Medicare not cover?

When should I enroll in Medicare?