The 2025 Medicare Part B Premium will be $185.00 which is up from $174.70 in 2024 and the annual deductible Medicare Part B will be $257 which is up from $240 in 2024.
The annual deductible Medicare Part B will also see an increase of $17, a total of $257 which is up from the $240 for 2024. Beneficiaries have to pay this deductible out of pocket before Medicare starts to pay its portion for expenses.
2025 Medicare Part B Premium
It is the monthly payment that is used to maintain coverage that Medicare Part B beneficiaries will have to make. In 2025, the Medicare Part B Premium will be $185.00 and this is $10.30 up from last year’s premium of $174.70.
Many outpatient services are covered in the Medicare Part B Premium including doctor visits, preventive services, outpatient hospital services, durable medical equipment, physician visits, laboratory tests, and certain home health services.
2025 Medicare Part B Premium Income-Related Adjustment
The 2025 Medicare Part B Premium has been based on income since 2007 and the income-related adjustments which affect only 8% of medicare part b beneficiaries with the premium amounts are discussed here too.
- Married couples who live together but file tax returns separately with a modified adjusted gross income of $106,000 or less, will need to pay only a $185 medicare part b premium monthly.
- Individuals who have an income between $106,000-$394,000 will have to pay a total of $591.90 monthly which contains an IRMAA of $406.90 with the standard $185.00.
- Individuals will have to pay a total of $628.90 if their income is greater than or equal to $394,000 and it is based on $443.90 in IRMAA and the standard $185.00.
Can I apply for Medicare Part B Premium?
You can apply for Medicare Part B but it may be very based on your current situation so check the details below.
Enrollment Periods:
- Initial Enrollment Period: The Initial Enrollment Period starts when there are just three months left in turning 65 and this period lasts for seven months. You can enroll yourself between these seven months including three months before you are 65, 1 month after your birth, and 3 months after birth month.
- General Enrollment Period: If you have missed the first one, then utilise the General Enrollment Period which runs between 1 January to 31 March annually. This enrollment may require a late enrollment penalty so take the decision carefully.
- Specifically Enrollment Period: if you and your spouse are still working and covered by a group health plan, then you can delay up your without penalty in part B. The Special Enrollment Period (SEP) lasts for eight months after employment or coverage ends, you can enroll yourself.
Application Requirements:
- Individuals have to gather important documents and information that will be helpful in the application process including:
- Your Part A Medicare Number
- Current address and phone number
- Proof of employment and health coverage if applying during an SEP
- Other required information
Application Methods:
- Online Application: Individuals have to go to the Social Security Administration website https://www.ssa.gov/medicare/sign-up/part-b-only and complete the online available form through fulfilling requirements.
- By Mail: In this method, you have to download and fill out the “Application for the enrollment in Medicare Part B (CMS-40B)” Form to apply and mail it to the local Social Security Administration office.
- In-Person or By Phone: Individuals can also enroll themselves through personal methods by going to a local office or by contacting the Social Security administration over the phone.
2025 Medicare Part B Premium Effect on Social Security Benefits
The Medicare Part B Premium is automatically deducted if you are receiving monthly social security benefit payment and these deductions begin in January each year.
In 2025, the deductions of 2025 Medicare Part B Premium will also start from January. Those who are not on social security benefit payments also need to pay these premiums from January 2025.
The IRMAA part is also directly deducted from the seniors’ social security benefits if applicable and if they are not on social security benefits then they are directly required to pay medicare part b premium through various means.
The 2025 Medicare Part B Premium is only payable by those who meet the qualifying requirements including individuals age must be 65 or above and Applicants must be U.S. citizens or legal permanent residents who have lived in the U.S. for at least five continuous years.
