What You Need to Know About Medicare Part B Premiums in 2025

Posted by Becky Swanson
Estimated Reading Time 1 minute 17 seconds

Medicare Part B premiums adjust yearly based on economic factors such as inflation and cost-of-living changes. For 2025, the standard monthly premium will be $185.00. While this serves as a baseline, your actual cost could vary depending on your income or enrollment history.

Income and Medicare: Understanding the IRMAA Surcharge

Medicare applies an additional charge, known as the Income-Related Monthly Adjustment Amount (IRMAA), for higher-income individuals and couples. If your annual income surpasses $106,000 for single filers or $212,000 for joint filers, expect to pay more than the base premium. This adjustment, determined by your income from two years prior, ensures that those with greater financial resources contribute more to the program.

The Cost of Delayed Enrollment

Choosing not to enroll in Medicare Part B when you’re first eligible at age 65 can have long-term financial consequences. Without qualifying alternative coverage, delaying enrollment triggers a penalty. This surcharge adds 10% of the base premium for every year you delay, and the penalty stays with you permanently.

The Importance of Regular Coverage Reviews

Medicare isn’t a one-and-done decision. Your health, income, and Medicare costs can change, making an annual review of your coverage essential. Reassessing your plan ensures you’re getting the coverage you need without overpaying.

Simplify Medicare Decisions with Knowledgeable Support

Sorting through Medicare options can be overwhelming, especially with the variety of plans and potential adjustments. Partnering with an experienced licensed insurance broker can streamline the process. Licensed Insurance Brokers can help you enroll, review plans that match your needs, and make updates as your circumstances change.

Start Planning Today

Medicare decisions can impact your healthcare and finances for years to come. Get personalized assistance to navigate these important choices. Contact us today and speak with a licensed insurance agent to explore your options and find the coverage that works best for your needs.

Becky Swanson
Dedicated Insurance Advisors // beckyswansoninsurance@gmail.com

My name is Rebecca Swanson, or you can call me Becky. As the Owner and Principal Agent of Dedicated Insurance Advisors aka Local Insurance Advisors, my sincere desire and goal is to provide every client with the utmost respect and the highest level of service possible. I currently live in Kansas City, Missouri with my husband, and am also a proud mother of one daughter. My priorities are God first, family, and country.

As a seasoned professional, my business is Life and Health insurance solutions for all. Medicare is a specialty of mine, as my passion is helping aging adults and those with disabilities to understand and navigate the complexities of Medicare. I make it my business to simplify the process and options available within the Medicare program and walk people through each step to begin their Medicare journey and each day forward.

My professional and personal history has helped me to become the person I am today, and I never stop learning. Prior to transitioning into the insurance field back in 2015, I spent about 30 years as a real estate professional mostly as a Realtor, but also as a mortgage loan officer and escrow officer. Prior to real estate, I spent about 10 years in higher education administration, and then also about 5 years in the IT industry. Please, do not add up the years, as they have flown by so quickly.

I consider all my work history as service. Service to each and everyone I have had contact with and the opportunity to be of assistance in whatever capacity my skillset was able to provide. Please know, it is my desire to help you too. I am proud of the group of amazing professionals here at Local Insurance Advisors, as I know each one of us shares the same goal.

Please know that either myself or someone from my amazing Team of Agents will be careful to give you the time needed to ensure we take care of all your insurance coverage needs and provide the highest level of customer service starting with our first conversation to build a lasting relationship. Our business is, protecting you.

Dedicated Insurance AdvisorsInsurance Options Througout All Stages of Life

To speak with a licensed insurance agent, call (610) 563-4655 direct cell call or text or (816) 567-9655 local call or text
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