Estimate annual Medicare costs across premiums, deductibles and adjustments.
Income adjustments apply as cliff-edge tiers rather than gradually, so crossing a threshold by a single pound triggers the full surcharge. They are assessed on income from two years earlier. Because of the two-year lookback, a one-off income event such as selling property raises premiums two years later, when income may have fallen again.
Medicare Cost
Total = (base premiums + income adjustment) × 12 + deductibles + out-of-pocket costs
This is a general illustration, not financial, tax or legal advice. Rules, thresholds and rates vary by jurisdiction and change frequently, and individual circumstances materially affect outcomes. Consult a qualified adviser before making any decision based on these figures.
Total = (base premiums + income adjustment) × 12 + deductibles + out-of-pocket costs Income adjustments apply as cliff-edge tiers rather than gradually, so crossing a threshold by a single pound triggers the full surcharge. They are assessed on income from two years earlier.
Because of the two-year lookback, a one-off income event such as selling property raises premiums two years later, when income may have fallen again.
This calculator takes 5 inputs: Modified adjusted gross income, Part B base premium, Part D premium, Annual deductibles, Expected other out-of-pocket costs. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.