What are the Parts of Medicare?

Your Medicare Costs

The standard Part B premium amount in 2023 is $164.90. Most people will pay the standard Part B premium amount.

If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you'll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium.