Medicare Part B and Part D Premiums for 2014

Good news for your budget: Premiums will be the same in 2014 as they were in 2013.

How much will I pay in premiums for Medicare Part B in 2014? And is there still a high-income surcharge for Part B and Part D prescription-drug coverage?

The monthly premium for Medicare Part B remains $104.90 for most people in 2014 – the same as in 2013. Seniors whose 2012 adjusted gross income (plus tax-exempt interest income) was more than $170,000 if married filing jointly or $85,000 if single will continue to pay higher premiums, as they have since 2007. The high-income surcharges remain the same as in 2013. If your gross income crosses the threshold, your total monthly premiums will range from $146.90 to $335.70 per person per month, depending on your income.

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Header Cell - Column 0 2012 ADJUSTED GROSS INCOME
Row 0 - Cell 0 $85,000 or less (single), $170,000 or less (joint)$85,001 to $107,000 (single), $170,001 to $214,000 (joint)$107,001 to $160,000 (single), $214,001 to $320,000 (joint)$160,001 to $214,000 (single), $320,001 to $428,000 (joint)More than $214,000 (single), more than $428,000 (joint)
2014 Medicare Part B monthly premium$104.90$146.90$209.80$272.70$335.70
2014 Medicare Part D monthly premiumpremium only$12.10 surcharge$31.10 surcharge$50.20 surcharge$69.30 surcharge

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Kimberly Lankford
Contributing Editor, Kiplinger's Personal Finance

As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.