2024 Quarter Of Coverage For Medicare. Those working between 30 and 39 quarters will pay $278 per month in 2024, which is the same as the cost in 2023. If you have medicare part b and/or medicare part d prescription drug coverage, you could owe a monthly surcharge based on an income related monthly adjustment amount (irmaa).
Certain uninsured aged individuals who have less than 30 quarters of coverage and certain individuals with disabilities who have exhausted other entitlement will pay the full premium, which will be $505 a month in 2024, a $1 decrease from 2023. Medicare part b premiums are set to rise to $174.70, marking an increase from the 2023 rate of $164.90.