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how much is 2020

How much would a data breach cost your business?

The 2020 Cost of a Data Breach Report explores financial impacts and security measures that can help your organization mitigate costs

Cost of a Data Breach Report 2020

Review key findings and best practices. See how much a data breach might cost your business and how to mitigate potential damages.

If you are experiencing a cybersecurity incident, contact the X-Force team to help.

Cost of a Data Breach Report highlights

USD 3.86 million

Average total cost of a data breach

United States

Most expensive country: USD 8.64 million

Healthcare

Most expensive industry: USD 7.13 million

280 days

Average time to identify and contain a breach

Calculate breach costs by industry and geography

A data breach can have far-reaching consequences, causing financial losses and affecting an organization’s operations and compliance in the short term. And a major breach in the headlines can potentially damage reputation for years to come, leading to lost business and a competitive disadvantage.

Independently conducted by the Ponemon Institute, and based on quantitative analysis of 524 recent breaches across 17 geographies and 17 industries, the annual Cost of a Data Breach Report offers exceptional insights and benchmarks to help organizations improve security posture and mitigate financial and brand damages.

Download the Cost of Data Breach Study to learn more about the global impact of a data breach and how data breaches affect individual nations.

Part B costs

Some people automatically get

, and some people need to sign up for Part B. Learn how and when you can sign up for Part B.

If you don’t sign up for Part B when you’re first eligible, you may have to pay a late enrollment penalty.

How much does Part B cost?

Part B premiums

You pay a premium each month for Part B. Your Part B premium will be automatically deducted from your benefit payment if you get benefits from one of these:

  • Social Security
  • Railroad Retirement Board
  • Office of Personnel Management

If you don’t get these benefit payments, you’ll get a bill.

Most people will pay the standard premium amount. If your modified adjusted gross income is above a certain amount, you may pay an Income Related Monthly Adjustment Amount (IRMAA). Medicare uses the modified adjusted gross income reported on your IRS tax return from 2 years ago. This is the most recent tax return information provided to Social Security by the IRS.

The standard Part B premium amount in 2020 is $144.60. Most people pay the standard Part B premium amount. If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you’ll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium.

If your yearly income in 2018 (for what you pay in 2020) was You pay each month (in 2020)
File individual tax return File joint tax return File married & separate tax return
$87,000 or less $174,000 or less $87,000 or less $144.60
above $87,000 up to $109,000 above $174,000 up to $218,000 Not applicable $202.40
above $109,000 up to $136,000 above $218,000 up to $272,000 Not applicable $289.20
above $136,000 up to $163,000 above $272,000 up to $326,000 Not applicable $376.00
above $163,000 and less than $500,000 above $326,000 and less than $750,000 above $87,000 and less than $413,000 $462.70
$500,000 or above $750,000 and above $413,000 and above $491.60

The standard Part B premium amount in 2021 is $148.50. Most people pay the standard Part B premium amount. If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you’ll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium.

If your yearly income in 2019 (for what you pay in 2021) was You pay each month (in 2021)
File individual tax return File joint tax return File married & separate tax return
$88,000 or less $176,000 or less $88,000 or less $148.50
above $88,000 up to $111,000 above $176,000 up to $222,000 Not applicable $207.90
above $111,000 up to $138,000 above $222,000 up to $276,000 Not applicable $297.00
above $138,000 up to $165,000 above $276,000 up to $330,000 Not applicable $386.10
above $165,000 and less than $500,000 above $330,000 and less than $750,000 above $88,000 and less than $412,000 $475.20
$500,000 or above $750,000 and above $412,000 and above $504.90

Part B deductible & coinsurance

In 2020, you pay $198 ($203 in 2021) for your Part B

. After you meet your deductible for the year, you typically pay 20% of the

  • Most doctor services (including most doctor services while you’re a hospital inpatient)
  • Outpatient therapy
  • Certain medical equipment, like a walker, wheelchair, or hospital bed, that’s ordered by your doctor for use in the home.

How much Medicare Part B (medical insurance) costs, including Income Related Monthly Adjustment Amount (IRMAA) and late enrollment penalty. ]]>