Here's What Higher Earners Will Pay for Medicare Part B in 2021
Medicare provides essential health coverage to millions of seniors, including those who are still working, as well as those who are retired and on Social Security. But Medicare isn't free. In fact, Part B, which covers outpatient care, charges a monthly premium that changes from year to year.
Currently, the standard monthly Part B premium is $144.60. In 2021, it's increasing by $3.90 to $148.50. That's actually a relatively modest jump compared to previous increases.
Still, some seniors will inevitably pay more for their Part B coverage in 2021. If you're a higher earner, you'll need to prepare to pay an income-related monthly adjustment amount, or IRMAA, that will make Medicare even more expensive for you.
Source Fool.com
