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How Much is Taken Out of Social Security for Medicare in 2023?

How Much is Taken Out of Social Security for Medicare in 2023?

Unpacking Medicare premium deductions from Social Security checks takes some work. In 2023, the standard Part B premium will be $164.90 per month for most people. However, higher earners get hit with larger amounts based on income tiers that increase rates via IRMAA. Having Part D prescription or Medicare Advantage coverage also boosts deductions. For those on Social Security, these costs come straight from their benefit payments automatically.  

For example, someone with a $1,500 monthly Social Security payment may see around $1,335 after the basic $164.90 Part B deduction. Adding a $50 Part D premium could drop it further to about $1,285. Those struggling to pay premiums may qualify for help via Medicaid and Medicare Savings Programs depending on their situation.

Knowing your precise Medicare deduction amount from Social Security is vital for accurate budgeting. Review statements from the Social Security Administration carefully and follow up on any questions. Although complex, resources exist to assist with decoding Medicare.

Medicare Coverage Parts in 2023

Parts of Medicare include;

Part A premium covers hospital inpatient stays, skilled nursing facilities, hospice, and some home health services. Most don’t pay premium for Part A.

Medicare Part B includes doctor visits, outpatient care, preventive services, durable medical equipment, and more. Most pay Medicare part b premium which means higher deductibles than part a.

Part C, or Medicare Advantage, are private plan options with Parts A and B coverage plus extra benefits.

Part D provides prescription drug coverage via private insurance plans. Premiums apply.

Income Determines Medicare Premium Levels

While the base Part B premium is $164.90 per month in 2023, income can raise your costs.

Medicare calculates yearly premiums based on reported income from two years prior using income-related monthly adjustment amounts (IRMAA).

Here’s how IRMAA impacts 2023 Part B premiums based on 2022 individual income:

– Under $97,000 – $164.90 monthly
– $97,000-$123,000 – $230.80 monthly  
– $123,000-$153,000 – $329.70 monthly
– $153,000-$183,000 – $428.60 monthly
– Over $183,000 – $506.90 monthly

And here are the brackets for Medicare beneficiaries who are married couples filing jointly:

– Under $194,000 – $164.90 monthly
– $194,000-$242,000 – $230.80 monthly  
– $242,000-$302,000 – $329.70 monthly
– $302,000-$365,000 – $428.60 monthly
– Over $365,000 – $506.90 monthly

Those with higher incomes pay more for their Part B coverage. The maximum monthly premium is $506.90 per person.

Premiums deducted from Social Security Checks

For those receiving Social Security benefits, Medicare premium costs are automatically deducted from their social security checks monthly.

This includes both monthly Part B premium and any Part D prescription plan premiums. The Social Security Administration notifies you of new deduction amounts annually.

For instance, with a $1,500 check and $164.90 Part B premium, the adjusted payment would be around $1,335 monthly after Medicare is deducted. Adding a $50 Part D premium would lower it further to about $1,285.

These deductions don’t go directly to Medicare itself, but help fund the overall Medicare program. social security and Medicare work together perfectly.

Paying Premiums Without Social Security Benefit

Those who have Medicare but don’t get Social Security benefits need to pay premiums themselves through:

– Monthly bills sent by Medicare
– Setting up auto-payments from bank accounts  
– Deductions from checks if enrolled in Medicare Advantage or Part D plans
– Pre-paying premiums quarterly or annually in lump sums

Regardless of method, it’s vital to keep premiums current to maintain health coverage.

Medicare Advantage  Premiums

If enrolled in a Medicare Advantage Plan for Medicare Part C instead of Original Medicare, premiums differ. These are private health plan options.

Medicare Advantage plans have out-of-pocket spending limits, prescription drug coverage, dental, vision and other extra benefits. But premiums vary.

In 2023, the average Medicare Advantage premium is around $50 per month. However, they range from $0 into the hundreds depending on the specific plan and coverage details.

As with Part B, those with higher income levels pay more for Medicare Advantage coverage due to adjusted gross income.

Unless arranged via Social Security, Medicare Advantage plans bill members directly for premiums. Even with Social Security deductions, additional costs often apply.

For example, your plan may charge $75 monthly plus the $164.90 Part B premium already deducted, meaning you would owe that extra $75 amount. Plus paid Medicare taxes amount to 1.45 of employer and employee income.

Getting Assistance with Monthly Medicare Costs  

Those having difficulty paying Medicare expenses may qualify for financial assistance programs such as:

– Medicaid – Helps cover premiums and costs if income and assets are limited. Rules vary by state.

– Medicare Savings Programs – Pay for Part B premiums based on income and resources even without full Medicaid. 

– Extra Help from Social Security – Lowers prescription drug costs if income and resources fall under set limits.

Check with your state Medicaid office, local Social Security office, or use an online tool like to assess eligibility.

What Will be Deducted Each Month?

In summary, your Medicare deduction amount from Social Security depends on:

– Income determining Part B and Medicare Advantage premiums
– Having only Part B vs. also Part D  prescription drug. 
– Enrollment in Original Medicare vs. Medicare Advantage

Some examples:

– Part B alone: Around $165
– Part B + Part D: Around $215  
– Medicare Advantage + Part B: $240+
– Higher earner with $329 Part B premium: $330+ 

Deductions generally range from $165 to $500 monthly depending on your coverage situation. Contact the Social Security Administration if you need help determining your specific deduction amount.

Reviewing Notices from Social Security

Every year, the Social Security Administration sends letters explaining upcoming Medicare premium changes and how this will impact your Social Security payments.

It’s essential to carefully review these notices and follow up on any questions right away. You can also:

– Call the SSA at 1-800-772-1213
– Visit your local Social Security office
– Check your online Social Security account 
– Notify the SSA immediately of any income changes

Staying on top of Medicare/Social Security correspondence is vital to understand your personal circumstances.

 Preparing for New Medicare Deductions

For those new to Medicare and Social Security, helpful preparation tips include:

– Checking if your income makes you eligible for IRMAA
– Knowing Part B enrollment is automatic
– Understanding Part A rarely has premiums 
– Shopping around for optimal Part D plans if needed
– Considering supplemental coverage like Medigap or Medicare Advantage
– Being aware of retroactive premiums with mid-year retirement
– Planning your retirement date wisely based on Medicare enrollment periods
– Getting assistance from a Medicare consultant if needed

Doing your homework helps streamline Medicare’s coordination with Social Security.

Why Medicare is Challenging to Navigate

Medicare comes with complicated enrollment guidelines, costs that change every year, varied coverage options, and more. This makes it difficult to navigate, especially when pairing it with Social Security.

Be sure to thoroughly research Medicare so you understand how it works. Seek out free counseling through State Health Insurance Assistance Programs (SHIP) or your local Medicare office.

Gaining knowledge equips you to make informed Medicare coverage decisions suited to your needs. While complex, help is available to decipher Medicare.

I’m Here to Help

You do not have to spend hours reading articles on the internet to get answers to your Medicare questions. Give Nick Boushay a call at (888) 508-1781. You will get the answers you seek in a matter of minutes, with no pressure and no sales pitch. We are truly here to help.


Are Medicare premiums deducted from your Social Security checks?

Yes, for most beneficiaries, Medicare Part B and Part D premiums are deducted from their monthly Social Security checks.

 How much will the standard Medicare Part B premium be in 2023?

The standard Medicare Part B premium is projected to be $164.90 per month in 2023. 

What will the Medicare Part A deductible cost in 2023?

The Medicare Part A deductible is $1,600 per benefit period in 2023.

 Do all Medicare Advantage plans have premiums?

 Yes, all Medicare Advantage plans charge a monthly premium in addition to the Part B premium. Premiums vary by plan.

 Who should I contact about Medicare premium deductions from Social Security?

 Contact the Social Security Administration to understand how Medicare premiums will be deducted from your specific Social Security check.

How do I sign up for a Medicare prescription drug plan? 

 You can enroll in a Medicare Part D plan when first eligible or during Medicare’s annual open enrollment period.

Where can I get help understanding Medicare costs?

 Contact the Centers for Medicare & Medicaid Services or your local State Health Insurance Assistance Program (SHIP) for help with Medicare premiums, deductibles, and coverage.

What percentage of Social Security recipients have their Medicare plan premiums automatically deducted?

Approximately 70% of Medicare beneficiaries have their Part B and Part D premiums automatically deducted from their monthly Social Security checks.

How much are Medicare Part D prescription drug premiums in 2023?

 Medicare Part D premiums vary by plan, but average around $33 per month in 2023.

 Will my Medicare premiums increase in 2023? 

 Yes, the standard Medicare Part B premium is projected to increase from $170.10 in 2022 to $164.90 per month in 2023. When you sign up for Medicare expect these changes.


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