Revision 23-1; Effective March 1, 2023
In most cases, the Medicare Part B premium is deducted from the Social Security or Railroad Retirement check. In some situations, a person will be billed for the Medicare Part B premium, usually by quarterly invoice.
The base or standard Medicare Part B premium changes from year to year. For 2023, the standard premium is $164.90 per month. This amount can vary due to several factors:
- A person did not enroll in Medicare the year that they became eligible, so the premium is higher.
- A person's premium can be lower than the standard premium if the cost of living (COLA) increase on the RSDI is less than the increase in the monthly Medicare premium. In other words, the monthly RSDI benefit cannot be less than the previous year's benefit.
- A person may be enrolled in a Medicare Advantage Plan (Medicare Part C), which may have a lower Medicare Part B premium deduction due to the discount offered by the plan.
In all situations, the Medicare Part B premium is indicated on the State Online Query (SOLQ) or Wire Third-Party Query (WTPY). Staff must use the amount as verified in SOLQ.
The monthly standard Medicare Part B premium is:
|Jan. 1, 2023 to Present||$164.90|
|Jan. 1, 2022 to Dec. 31, 2022||$170.10|
|Jan. 1, 2021 to Dec. 31, 2021||$148.50|
|Jan. 1, 2020 to Dec. 31, 2020||$144.60|
|Jan. 1, 2019 to Dec. 31, 2019||$135.50|
|Jan. 1, 2018 to Dec. 31, 2018||$134.00|
|Jan. 1, 2017 to Dec. 31, 2017||$134.00|
|Jan. 1, 2016 to Dec. 31, 2016||$121.80|
|Jan. 1, 2013 to Dec. 31, 2015||$104.90|
|Jan. 1, 2012 to Dec. 31, 2012||$99.90|
|Jan. 1, 2011 to Dec. 31, 2011||$115.40|