Current and Historical Medicare Part B Premiums

Medicare Part B Premiums Are On the Rise

Medicare Part B premiums are indexed for inflation—they're adjusted periodically to keep pace with inflation. What you pay this year may not be what you pay next year. Premiums are also means-tested. This means that they're somewhat dependent on your income. The more income you have, the higher your premium will be. So will you pay more in 2017? Current and past Medicare Part B premiums are detailed below.

1
2017 Medicare Part B Premiums for New Enrollees

Woman refilling drug prescription over the phone
From time to time, the health insurance premium will change. Blend Images - Terry Vine / Getty Images

Medicare Part B premiums increased in 2017, but your Medicare premium will only increase to $109 if you were already enrolled for Social Security benefits in 2016. Premiums were $104.90 in 2016, not a huge difference because of a “hold harmless” provision that limits the amount that premiums can rise due to a COLA adjustment in Social Security. There is a .3 percent COLA adjustment for those collecting benefits in 2017. Some news folks are calling this a "diet COLA." 

The new premium amounts for those who didn't start Social Security in 2016 begin at $134 per month. The go up for singles with modified adjusted gross incomes of over $85,000 and for married taxpayers with MAGIs over $170,000. More

2
2016, 2015, 2014, and 2013 Medicare Part B Premiums

Medicare Part B Premiums
2015 Medicare Part B premiums same as the previous year. Dr A Schwartz / E+ / Getty Images

Medicare Part B premiums went up in 2013 from the previous year, but then they stayed the same until the 2017 increase. The 2014, 2015 and 2016 premiums were the same as they were in 2013. They started at $104.90 per month and increased for singles with modified adjusted gross incomes over $85,000 and married taxpayers with MAGIs over $170,000.  More

3
2012 Medicare Part B Premiums

Medicare Part B premiums actually went down from their 2011 levels in 2012. They started at $99.90 per month, which was $15.50 less than the monthly premium for those who enrolled in 2011. Taxpayers with higher incomes paid more.  More

4
2011 Medicare Part B Premiums

Medicare Part B premiums were $115.40 per month in 2011. Single taxpayers with modified adjusted gross incomes over $85,000 and married tax filers with MAGIs over $170,000 paid more.  More

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Historical Medicare Part B and D Premiums

The Social Security Administration publishes historical Medicare Part B and D premiums beginning with 1966. You can access the table at the link above to see that Medicare Part B premiums started at $3 per month in 1966 and Medicare Part D premiums began in 2006 at $250 per year. More

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When and How to Apply for Medicare

Make sure you enroll in Medicare just before you reach age 65, even if you're covered by another health plan. Medicare Part B premiums will be deducted from your monthly benefits if you're already collecting Social Security or Railroad Retirement benefits. If you are not collecting Social Security or Railroad Retirement, you can pay premiums through an automatic deduction from your bank account or by credit card or by mail. More

The Effect of Inflation

Inflation affects just about everything, including Medicare. Although premium rates have stalled periodically over the years, it's safe to say that you can probably anticipate another increase eventually.