IRMAA brackets for 2024 premiums. The Internal Revenue Service has announced that income tax brackets and standard deductions will be changing come the 2024-2025. 70 in 2024, an increase of $9. 2024 Medicare IRMAA (Income-Related Monthly Adjustment Amount) amounts are increased premiums higher income earners. 20. The Medicare Board of Trustees estimated the Medicare Part B premium for 2024 could be $174. For incomes that are subject to IRMAA, the . Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. In contrast, contributions to traditional IRAs or 401(k)s are made with pre-tax dollars and are then taxed when withdrawn. For 2024, if your income is greater than $103,000 and less than $397,000 the IRMAA amount is $384. Home Ownership Incentives: Married couples purchasing a home during these years will be eligible for enhanced first-time homebuyers' credits, promoting homeownership among newlyweds. The standard monthly premium for Medicare Part B enrollees will be $144. Within the 1 st IRMAA income threshold, the surcharge will only increase by about 5. In 2024, IRMAA charges will apply to individuals with more than $103,000 and married couples with more than $206,000 in modified adjusted gross income on their 2022 federal tax returns. Income Tax Brackets for 2024 Are Set;. It says the "projected" 1st IRMAA tier in 2025 for a MCFJ in 2023 will be 212k, if inflation is 3% for this year. Meanwhile, the IRMAA surcharge for Part D starts at $12. Ordinarily, the following year is expected to be a little higher, but if you are wanting something sort of rock solid safe, I think $103k is a good limit for 2023 income (for use in avoiding IRMAA in 2025). Each year the Social Security Administration (SSA) uses data from two-year-old tax returns to assess whether a person must pay an IRMAA. For CY 2024, risk scores will be calculated as a blend of 67% of the risk scores calculated with the current model (the 2020 model) and 33% of the risk scores calculated with the updated model (the 2024 model). You will receive notice from. The 2024 IRMAA brackets will be based on your 2022 Modified Adjusted Gross Income (MAGI). 90 in 2023. Sep 13, 2023Hans Scheil November 14, 2023 Sign Up For Our Newsletter To Receive Weekly Updates. The SSA provides a chart to show you what you can expect in. Doing so can help keep you in a lower IRMAA bracket in subsequent years, notes. 90 to $174. Your premium is based on gross income (MAGI). Oct 16, 2023What are the 2024 IRMAA Brackets? The IRMAA for Part B and Part D is calculated according to your income. Recycles dryer sheets . mil. IRMAA is a surcharge that people with income above a certain amount must pay in addition to their Medicare Part B and Part D premiums. 80 from $164. 8 Billion in 2022 and Continues to. . Average 2024 Medicare Advantage (MA) premiums and deductibles, among other key information, are released annually in September with the MA & Part D Landscape. 70 in 2024). Each year stands on its own. “I have yet to see these thresholds drop,” says Diane Omdahl, president of 65 Incorporated, a Medicare advisory service. 1. I'm just surprised as most tax tables, deductions. But be careful you don’t generate so much income that it tips you into a higher tax bracket. Our 2021 income was going to escalate my premiums by two levels with Aunt IRMAA—or so I was initially informed. Individual MAGI Couple MAGI Part B Premium Part D Premium; $91,000. 80 more than the $164. The 2023 bracket increase should be higher than last year, due to inflation. )What will the Irmaa brackets be for 2024? IRMAA thresholds change each year, partly due to inflation. Catch-up contributions will remain at $7,500 for 401 (k)s and $1,000 for IRAs. The IRMAA also affects your Part D premiums. It is the most accurate current projection of what people will pay in 2024 for Part D premiums, CMS said. However, in 2024, this number will increase to $7,000 for the new tax year with an additional catch-up rate of $1,000. 4899877401, and the 2014Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. 10), which led to higher premiums for higher-income beneficiaries. 2025 IRMAA BracketsThe rate for the 2024 Part B deductible is $240 per year, which is up from $226 in 2023. 50 a month in 2021 to $170. Sep 26, 2023. 1. IRMAA surcharges for Part B are. Here are the 2024 IRMAA amounts for married taxpayers that file separately: Part B Coverage. The standard monthly premium for Medicare Part B enrollees will be $148. Consistent with policy finalized in the 2022 benefit and payment notice (see our Checkpoint article), HHS has announced that the maximum annual limit on cost-sharing for 2024 is to increase to $9,450 for self-only coverage and $18,900 for other than self-only coverage (the 2023 limits are $9,100 and. Leqembi is a treatment for those in the early. TAX RATES AND TAX BRACKETS The Tax Cuts and Jobs Act (TCJA) reduced statutory tax rates at almost all levels of taxable income and shifted the thresholds for several income tax brackets (table 1). We will know the official IRMAA brackets for 2024 when they are announced later this year. Northern Virginia: 703-691-1888. Consequently, people with an annual income under $170,000 who are at the low end of their 2021 IRMAA income bracket could see a decrease (-26% to -100%) in their IRMAA payments as they are moved to a lower 2022 IRMAA income bracket (see. 94%. 50 a month in 2021. Hans Scheil November 14, 2023 Sign Up For Our Newsletter To Receive Weekly Updates. 2024 income-tax brackets. The Internal Revenue Service (IRS) has announced new income thresholds for the 2024 tax season. This is an increase of $14 per year from the 2022 Part B deductible. The costs will go up from the current $164. Any premium increase above the standard amount is referred to as IRMAA,. Social Security also announces the 2024 Cost of Living Adjustment will be 3. 50 in 2024. If they complete a Roth conversion of $256,550 to max the 24% bracket, they would save $15,651 in federal taxes by performing the conversion in the next three years instead of waiting until after 2025. The IRMAA income brackets for 2023 start at $97,000 ($103,000 in 2024) for a single person and $194,000 ($206,000 in 2024) for a married couple. The standard deduction for married couples filing jointly increases to $29,200 and will be. premium shown includes the IRMAA surcharge. The Bipartisan Budget Act of 2018 calls for these brackets to remain constant until 2028 at which point, they will adjust annually. For most beneficiaries, the government pays a major portion of the total costs for this coverage, and the beneficiary pays the rest. The agency has boosted the income thresholds for each. Twelve-month inflation for all items ending in September 2023 has been 4. Key Takeaway: Understanding the 2024 IRMAA Brackets: The amount you’ll pay for your Medicare premiums in 2024 hinges on your Modified Adjusted Gross Income. The extra charge for Part B starts at $69. In our example, you will be required to pay an extra $31. What is the income limit for Irmaa for 2023? The IRMAA income brackets for 2023 start at $97,000 for a single filer and $194,000 for a. Calendar Year 2024 Participation in the Medicare Advantage Value-Based Insurance Design Model: Innovating to Meet Person-Centered Needs. The Part B premiums and deductible reflect the provisions of the Continuing. IRMAA amounts go up from there at higher levels of income. I’m also sharing:What IRMAA isHow IRMAA is calculatedThe 10 best ways to avoid IRMAAIf you want to lower your Medicare premiums this year and learn how to reduce IRMAA, you. 2024 Social Security COLA. 3rd Surcharge Bracket: 7. 70 for 2024, an increase of $9. The Inflation Reduction Act offers potential reductions in out-of. For 2023, the IRMAA monthly surcharge for Medicare. 70, an increase of nearly $10 a month. 30. 8% from $56. g. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024, an increase of $14 from the annual deductible of $226 in 2023. The IRMAA income brackets for 2023 start at $97,000 ($103,000 in 2024) for a single person and $194,000 ($206,000 in 2024) for a married couple. 30 a month and increases to $77. 2024 IRMAA Brackets. Medicare’s Part B standard monthly premium will increase to $174. To repeat, 2024 IRMAA (if any) is already set in stone by your 2022 MAGI, any 2023 Roth conversions will affect 2025 IRMAA. 70 for 2024, an increase of $9. and this is the frustration - the inflation year goes from Sept 2023 - August 2024. The Centers for Medicare & Medicaid Services Sept. 80 from $164. (650) REDO-WEB. The Centers for Medicare & Medicaid Services (CMS) has announced that the standard monthly Part B premium will be $174. The 3. 8% from $56. The 2024 IRMAA brackets depend on the monthly CPI-U (and so inflation) from September 2022 to. For 2023, the IRMAA monthly surcharge for Medicare. So both you and your spouse will pay $340. The annual deductible for all Medicare Part B beneficiaries will be $240. (IRMAA) in 2024? The Part B Income-Related Monthly Adjustment Amount (IRMAA) is an additional premium amount that higher-income beneficiaries pay in 2024. 70 in 2024,. Medicare Shared Savings Program Saves Medicare More Than $1. The Social Security Administration made the calculation and announced the Social Security COLA for 2024. Calendar Year 2024 Participation in the Medicare Advantage Value-Based Insurance Design Model: Innovating to Meet Person-Centered Needs. 2023 IRMAA Brackets. 58% inflation rate for Part D. Finally, anyone with an income. Taxpayers will file their 2024 taxes in early 2025. The 2023 brackets won’t be out till this November, but I’m looking for 2024 (since that’s what 2022 income affects). 10 in 2029. The maximum IRMAA in 2021 will be $356. 70 for 2024, an increase of $9. ( Check out the 2023 Part D IRMAA amounts here . MrLoco wrote: ↑ Mon Jan 16, 2023 2:40 pm I have read some of the previous posts on doing Roth conversions beyond the first IRMAA tier to lessen the effects of future RMD's from a TRad. The five IRMAA brackets, which are adjusted annually for inflation, usually are announced in late September. IRMAA is simply a tax on those who earn too much income. Lower Average Total Part D Premiums in 2024. the beneficiary’s adjusted gross income (AGI) (found on line 11 of the Internal Revenue Service (IRS) tax filing form 1040), plus. Which bracket you fall into depends on your taxable income with a few deductions, such as IRA contributions and interest from tax-free bonds, added back in. If inflation is 0% from June 2022 through August 2023, these will be the 2024 numbers"My capital gains tax would be $750, but my Part B and Part D IRMAA surcharges would remain at $860. IRMAA is reassessed each year, so whether you’re subject to IRMAA and which bracket you fall into can change from year to year. 30. Example: Spreading out withdrawalsCMS previously announced that the average total monthly premium for Medicare Part D coverage is projected to be approximately $55. 70 for 2024, an increase of $9. 2. 70 for 2024, an increase of $9. IRMAA surcharges for Part D (the Medicare prescription drug benefit). 70 for 2024, an increase of $9. From 2022 to 2023 the CPI-U, if inflation remains constant, will increase by 5. MenuThe Income-Related Monthly Adjustment Amount sliding scale is a set of statutory percentage-based tables. The standard Part B Premium REDUCED $5. However, only people above certain income levels pay an IRMAA surcharge. 70 in 2024, an increase of $9. In 2024, the first $11,600 of taxable income will fall into the 10% tax bracket, which means $600 of additional income will be taxed at 10%, instead of 12% in the current tax year. Medicare’s IRMAA Brackets from 2007 to 2022. because even just $1 in additional income could. If inflation is 0%, below is an estimate of the 2024 IRMAA brackets, which will be based on your 2022 MAGI. 80/month from $164. The 2019 brackets are the base for calculating bracket increases. 90 in 2023. April 1, 2023. Whatever is IRMAA for Medicare. 7 million enrollees are projected to be offered additional supplemental benefits, and/or additional rewards and incentives, as part of the Model test in 2024, up from 5. For example, the highest income bracket for Part B now starts at $750,000 of MAGI, instead of $500,000. Over But not over Over But not over. By: Taylor R. The Centers for Medicare & Medicaid Services (CMS) has released its Advance Notice of Methodological Changes for Calendar Year (CY) 2024 for Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies that would update program policies for Medicare Advantage and Medicare Part D beginning in. 60 per. There are carriers in 2024 offering plans for $0 monthly and most of iHealthBrokers clients pay. 3rd Surcharge Bracket: 7. Greater than $366,000 and less than $750,000. Individuals enrolled in Medicare Part B, which covers doctor visits and other outpatient services, will pay a monthly premium of $164. What income a IRMAA based for? How is IRMAA calculated? The 2022 IRMAA Brackets (Quick Review) What are the 2023 IRMAA Brackets. However, you can make reasonable estimates and give yourself some margin to stay clear of the cutoff points. Before sharing sensitive information, make sure you’re on a federal government site. com. The annual deductible for all Medicare Part B beneficiaries will be $240. 80 from $164. 8 Billion in 2022 and Continues to. The annual deductible for all Medicare Part B beneficiaries will be $240 in. 2. Doubled for MFJ is 174000. Remember the income listed is for 2022. 80 from $164. 50% of eligible Medicare beneficiaries will be in IRMAA. The annual deductible for all Medicare Part B beneficiaries will be $240 in. The Part D IRMAA brackets remain unchanged. 70 and the de minimis amount for low income beneficiaries is $2. so what you do in 2022 can bite you in 2024. Doing so can help keep you in a lower IRMAA bracket in subsequent years, notes. Therefore, Medicare Part B prices will increase in 2024. 40 in total premiums and couples will save $124. 1. The 2022 IRMAA tiers determine the Medicare premiums to be paid in 2022, not in 2024. IRMAA: Medicare Floors. 30. For taxes on 2023 income, high inflation prompted the IRS to raise thresholds 7% for income tax brackets, an unusually large percentage. As ehh indicated, one uses one's 2022 MAGI and the 2024 IRMAA brackets (to be announced around October of 2023) to determine whether one pays IRMAA during calendar year 2024. Oct 12, 2023. The site is secure. For single filers, standard deductions are $14,600 in 2024, up from $13,850 this year. Oct 12, 2023. The Social Security Administration (SSA) determines who pays an IRMAA based on the income reported 2 years prior. 10 in 2022. 20 from $170. However, only people above certain income levels pay an IRMAA surcharge. . 80 increase from this year, the Centers for Medicare & Medicaid Services (CMS) announced Oct. Has Social Security announced what MAGI amounts will be used in calculating 2024 Medicare premiums?. However, by law, the IRMAA Brackets adjust according to the Consumer Price Index for Urban Consumers (CPI-U). Medicare Shared Savings Program Saves Medicare More Than $1. Within this article, you'll learn what IRMAA is, method it's calculated, additionally tips for avoiding this pesky surcharge. info. Individuals $97,001-$123,000 or couples $194,001-$246,000 paid an additional $68 per month. 20 to $1. This can be advantageous if you anticipate being in a higher tax bracket upon retiring. Each with its own escalating monthly premium surcharge. 10 from $135. 80 from $164. This expected amount is a decrease of 1. These are the official numbers for the tax year. The annual deductible for all Medicare Part B enrollees in 2024 will be $240, an increase of $14 from the 2023 deductible of $226. Calendar Year 2024 Participation in the Medicare Advantage Value-Based Insurance Design Model: Innovating to Meet Person-Centered Needs. Paul Morrison November 7, 20238 min read For those who are in Medicare and who found themselves in IRMAA brackets in 2023 might just find out that IRMAA 2024 is not going. 90 in 2023. Like is the ultimate guide to of 2023 IRMAA staples (and the projected 2024 IRMAA brackets). Indexed Universal life insurance Policies and IRMAA; IRMAA 2025; 2024 Part D Premiums; 2024 Medicare Part D Plans; P: (877) 410-9594. If you fall into this bracket this year but expect to be above the inflation-adjusted limits next year, it may make sense to realize the gains now and buy back the investment later. 80 from $164. The IRMAA Brackets in 2019 were: As it can been seen since 2007 the IRMAA surcharges have grown over time and in some ways they have grown substantially. 40 per month, depending on income. The standard monthly premium for Medicare Part B enrollees will be $174. 27, marks the first time since 2011-12 beneficiaries will pay less in a new year. IRMAA Case Studies; The 10 Best Ways at Avoid (or Reduce) IRMAA. 90/month in 2023 to $174. IRMAA surcharges are also increasing 14. 80 from $164. Taxpayers will file their 2024 taxes in early 2025. Oct 12, 2023. 90 in 2023. ) Tax. More info at the link provided for the other cost like IRMAA, Part B. The income brackets for premium adjustments can change annually. If your income for 2022 was 204k (0% inflation) to 206k (5% inflation) you would get the IRMAA surcharge for 2024 if you are 65 in 2024. For the 2024 predictions of IRMAA for 0% or 5%, and regardless of which of the above two monthly increases to the CPI-U that one uses from November 2022 to August 2023, and consistent with. 40, for a combined $1,610. Lower Average Total Part D Premiums in 2024. Medicare Shared Savings Program Saves Medicare More Than $1. 70 to $347. For example, the maximum amount of earnings subject to Social Security payroll tax in 2024 will be higher. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. Here are the Part B IRMAA premiums for 2024 (based on 2022 income tax returns; the . What are the 2024 IRMAA Brackets? The IRMAA for Part B and Part D is calculated according to your income. The CMS has not yet announced the official 2024 Medicare Part B premium and IRMAA amounts, but they are expected to be released in November 2023. Sep 26, 2023. Other beneficiaries pay Income-Related Monthly Adjustment Amounts (IRMAA), which vary by income level. Single. Income brackets that trigger Medicare. 8 billion from Medicare beneficiaries in IRMAA. A popular pre-retirement accumulation strategy is to defer. The IRS also announced changes to the tax brackets that. 2024 Part B premium Will Be $174. Lower Average Total Part D Premiums in 2024. The new rate, announced by the Centers for Medicare and Medicaid Services (CMS) on Sept. Here. The Centers for Medicare Services is announcing the 2024 IRMAA Thresholds now that the August CPI-U is official. 1. We live in a world where taxable income is more important than gross income because it dictates our income tax. The agency has boosted the income thresholds for each bracket, applying to tax year 2024 for. 5% (jumping from $148. 00 per month, depending on income. What will the Irmaa brackets be for 2024? IRMAA thresholds change each year, partly due to inflation. The 2023 bracket increase should be higher than last year, due to inflation. If taxable income is over $22,000 but not over $89,450; the tax is $2,200. Since we will blend CY 2024 risk scores using 67% of the risk scores under the current risk adjustment model and 33% of the risk scores under the finalized 2024 risk adjustment model, the bottom line table reflects the blend of the MA risk score trends under the two models, yielding a 4. Roughly 15% of all eligible Medicare beneficiaries are in IRMAA today. Beginning in CY 2024, the Low-Income Subsidy program (LIS) under Part D will be expanded so that beneficiaries who earn between 135 and 150 percent of the federal poverty level and meet statutory resource limit requirements will receive the full LIS subsidies that, prior to 2024, were available only to beneficiaries earning less than 135. 70 , an increase of nearly $10 a month. If you are unsure why you are paying an IRMAA, you can call the Social Security hotline at 800-772-1213. Part B IRMAA Brackets: Individuals with a 2021 income of $97,000 or less (or married couples filing jointly with an income of $194,000 or less) will pay the standard Part B premium of $164. When will Medicare Part B premiums for 2024 be announced? At the time of the Trustees Report the 2024 brackets for IRMAA Planning will be: The standard monthly premium for Medicare Part B enrollees will be $174. gov or . 50. 90 in 2023. 20 from $170. And the last data point listed in the Financial Buff is the 2023 income. These tables are used to adjust Medicare premiums based on adjusted gross income. In this story, you'll learn whats IRMAA lives, how it's computed, and tips for avoiding this pesky surcharge. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. 80 from $164. That’s equal to a 32% tax rate on my $5,000 in capital gains. This change would not be among. medicare irmaa 2023 brackets. the 2024 IRMAA will be based on 2022 tax returns. For those in the over $114,000 to $142,000 bracket, the premium is $340. What income is IRMAA bases on? How is IRMAA calculated? The 2022 IRMAA Brackets (Quick Review) That what the 2023 IRMAA Brackets. 8 Billion in 2022 and Continues to. 80 from $164. 60 in 2020. The Centers for Medicare & Medicaid Services (CMS) today announced that the average total monthly premium for Medicare Part D coverage is projected to be approximately $55. In 2023, Medicare beneficiaries with a modified adjusted gross income above $97,000 have an income-related monthly adjustment (IRMAA) added to their Medicare Part B premiums. 20 for Part B premiums. Skip to main content. Other beneficiaries pay Income-Related Monthly Adjustment Amounts (IRMAA), which vary by income level. Originally Posted by Midpack. Doing so can help keep you in a lower IRMAA bracket in subsequent years,. 4 x standard = between $204K and $256k Assuming 5% inflation from Nov 2022 to Aug 2023 standard = up to $208K 1. 70 for 2024, an increase of $9. 4th. 90 in 2023. Even the 2025 IRMAA brackets are not 'locked in' as it is predicated on the inflation adjustment from Sept 2023 - Aug 2024. For 2020, the Medicare Part B monthly premiums and the annual deductible are higher than the 2019 amounts. (The 2023 limits were announced on October 21, 2022. For 2024, if your income is greater than $103,000 and less than $397,000 the IRMAA amount is $384. 50. The annual deductible for all Medicare Part B beneficiaries will be $240 in. 2024 IRMAA Brackets. Therefore, Medicare Part B prices will increase in 2024. The revenue brackets are the similar. For couples who file a joint tax return, that threshold is $194,000 per year. 2. I'm interested in the 2025 brackets too, but I will use the official 2024 as my "safe harbor" since I'm not expecting deflation in. 020 - IRMAA Sliding Scale Tables - 12/30. 80 and $560. 90 a month in 2024 to the 5 th and largest Threshold that has a surcharge of possibly $419. The standard monthly premium for Medicare Part B enrollees will be $174. 30. Under § 156. 86 in 2023 to $18. 90 in 2023. [Updated on November 14, 2023. The costs will go up from the current $164. 2024 Arizona Part D Plans; 2024 Alaska Part D Plans; 2024 Alabama Part D Plans; 2024 Medicare Costs; P: (877) 410-9594. 2nd Surcharge Bracket: 6:42%. The typical person on Medicare will pay at least $289 more in 2022, just for Part B coverage, and double that to $578 for a couple. We have now all 12 knowledge factors out of 12 for the IRMAA brackets in 2024 (based mostly on 2022 revenue). For the Inflation Reduction Act, changes include an increase in the Section 4611(c) hazardous substance superfund financing rate and a bump up in the Section 179D deduction for energy-efficient. At $10,000 over the threshold, the tax rate is 23. Maryland: 301-519-8041. ) Charitable Giving; 2. Let's get one thing out of the way -- 2024's Social Security COLA won't come close to the raise seniors received at the start of 2023. 90 in 2023, a decrease of $5. The tax brackets for the 2024 tax year, set by the 2017 Tax Cuts and Jobs Act, aren't changing, but the cutoffs for each band of taxation will shift higher. Explore 401k contribution limits for 2024, Roth IRA rules, and more. The retirement earnings test exempt amount will also change in 2024. If Congress doesn’t act, tax. 8 Billion in 2022 and Continues to. Sep 26, 2023. 80 more than the $164. Medicare's annual open enrollment period begins Oct. These rates also increased for 2024, and the rate. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024, an increase of $14 from the annual deductible of $226 in 2023. 90 in 2023. 80 after paying their Part b premiums for 2023. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. The 2024 IRMAA brackets depend on the monthly CPI-U (and so inflation) from. , see 2022 2023 2024 Medicare Part B IRMAA Premium MAGI Brackets) that 2025 IRMAA tiers, based on 2023 income, will have higher breakpoints due to inflation. Individuals in the lowest IRMAA tier will save $62. 2022 Taxes Will Determine 2024 Medicare IRMAA. For example, if you were working full-time in 2022 and had an adjusted gross income of $500,000, but in 2024 you retire in the beginning of the year at age 65 and have no wages, you will be. The IRMAA 2023 threshold for married couples is. 50 in 2021, up from $144. In 2024, if your income is more than $103,000 per year, you’ll pay an IRMAA of $12. So Medicare should announce the official 2023 IRMAA brackets in November or December 2022. Note: You may also pay a higher premium if you have a Part B or Part D late enrollment penalty. CMS will phase-in certain updates, and on average, CMS anticipates a payment increase for MA plans of 3. 60 per month , up from $230. - When one passes, the surviving spouse will have a significant bump in their tax bracket. 15 and continues through Dec. 80 from $164. Medicare Part B Premium and DeductibleFill in your lower brackets and take advantage of the 10 and 12 percent brackets. 28, the 2024 Part D base beneficiary premium is $34. The. And. Premiums for Medicare Part C (Medicare Advantage) and Medicare Part D (Prescription Drug Plans) are also on a downward trajectory. News; Finance; Sports; More.