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Medicare B Premiums for 2023

Part B (Medical Insurance) costs

Part B costs: What you pay in 2023:
Premium

$164.90 each month ($174.70 in 2024) (or higher depending on your income). The amount can change each year. You’ll pay the premium each month, even if you don’t get any Part B-covered services.

You might pay a monthly penalty if you don’t sign up for Part B when you’re first eligible for Medicare (usually when you turn 65). You’ll pay the penalty for as long as you have Part B. The penalty goes up the longer you wait to sign up. Find out how the Part B penalty works and how to avoid it.
Deductible $226 ($240 in 2024), before Original Medicare starts to pay. You pay this deductible once each year.
General costs for services (coinsurance) Usually 20% of the cost for each Medicare-covered service or item after you’ve paid your deductible (and as long as your doctor or health care provider accepts the 

Medicare-approved amount

 as full payment – called “accepting assignment”). Find out how assignment affects what you pay.
Clinical laboratory services $0 for covered clinical laboratory services.
Home health care
  • $0 for covered home health care services.
  • 20% of the 

    Medicare-approved amount

     for durable medical equipment (like wheelchairs, walkers, hospital beds, and other equipment).
Inpatient hospital care 20% of the 

Medicare-approved amount

 for most doctor services while you’re a hospital inpatient.
Outpatient mental health care
  • $0 for your yearly depression screening.
  • 20% of the 

    Medicare-approved amount

     for visits to your doctor or other health care provider to diagnose or treat your condition.
  • If you get your services in a hospital outpatient clinic or hospital outpatient department, you may have to pay an additional amount to the hospital.
Partial hospitalization mental health care

After you meet the Part B deductible:

  • 20% of the 

    Medicare-approved amount

     for each service you get from a doctor or certain other qualified mental health professional
  • Coinsurance for each day of partial hospitalization services you get in a hospital outpatient setting or community mental health center
Outpatient hospital care
  • Usually 20% of the 

    Medicare-approved amount

    for doctor and other health care providers’ services.

  • You’ll also pay a copayment to the hospital for each service you get in a hospital outpatient setting (except for certain preventive services). In most cases, your copayment won’t be more than the Part A hospital stay deductible amount.
     

    This additional hospital copayment means you may pay more for an outpatient service you get in a hospital than you’d pay if you got the same service in a doctor’s office.

Compare outpatient procedure costs under Original Medicare.