Medicare beneficiaries with incomes above $103,000 for individuals and $206,000 for married couples are required to pay higher premiums. The amount you pay depends on your modified adjusted gross income from your most recent federal tax return. To determine your 2025 income-related premium, Social Security will use information from your tax return filed in 2023 for tax year 2022. If your income has gone down since you filed your tax return, you should contact Social Security and provide documentation regarding this change. At your current income level, in 2024, you likely paid just around $3,506 in annual Medicare premiums combined for Part B ($2,935) and Part D (around $571 on average).