H-1800, Medicare Part B Premium

Revision 24-1; Effective March 1, 2024

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 standard Medicare Part B premium changes from year to year. For 2024, the standard premium is $174.70 per month. This amount can vary due to several factors:

  • The premium can be higher than standard if a person did not enroll in Medicare the year they became eligible to enroll.
  • The premium can be lower than standard if the Retirement, Survivors and Disability Insurance (RSDI) cost-of-living adjustment (COLA) is less than any increase in the monthly Medicare premium. The new monthly RSDI benefit cannot be less than the previous year's benefit.
  • The premium can be lower than standard if a person is enrolled in a Medicare Advantage Plan (Medicare Part C), which may offer a Medicare Part B premium discount.

Staff must use the Medicare Part B premium amount as verified in the State Online Query (SOLQ) or Wire Third-Party Query (WTPY). 

The standard monthly Medicare Part B premium is:

Date RangeAmount
Jan. 1, 2024 to Present$174.70
Jan. 1, 2023 to Dec. 31, 2023$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