What triggers higher Medicare premiums?
MAGI above $97K (single) or $194K (married) triggers IRMAA surcharges on Part B and D.
Health Fitness
Medicare Premium & Subsidy Calculator
Estimate your monthly Part B and Part D premiums, applying IRMAA surcharges or subsidies based on income
Simplify Your Medicare Costs
Calculate how much you might pay for Medicare premiums
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What this calculator does
A Medicare premium calculator estimates monthly costs for Medicare Part B and D based on income. Higher earners pay Income-Related Monthly Adjustment Amounts (IRMAA). Understanding premiums helps with retirement healthcare planning.
How it works
Enter your Modified Adjusted Gross Income (MAGI). The calculator applies IRMAA brackets to determine Part B and D premiums.
Formula
2025 base Part B: ~$174.70/month. IRMAA applies above $97K (single) or $194K (married). Premiums increase in tiers.
Tips for using this calculator
- IRMAA is based on tax return from 2 years prior
- Life events (retirement) can trigger IRMAA reconsideration
- Part D IRMAA adds to plan premium
- Plan for healthcare costs in retirement budget
- Consult financial advisor for Medicare planning
Frequently asked questions
Can I appeal IRMAA?
Yes, if you've had a life-changing event (retirement, divorce) that reduced income. File SSA-44 form.
When should I enroll in Medicare?
Initial enrollment is 3 months before to 3 months after turning 65. Late enrollment incurs permanent penalties.