Social Security Questions? Ask a Social Security Expert
First of all - yes - if you have unpaid premiums - you should pay them as soon as possible.
Because you are self-employed - you may deduct Medicare premiums as an adjustment to your income - however that deduction is limited by the net self-employment income. That means - if you realize losses from self-employment activity - there is no deductions.
Medicare premiums depends on your income - see following publication
page 9 - Individuals with a MAGI of $85,000 or less - in 2016 have standard premium=$121.80
Medicare Advantage plan premiums depend on your provider and options you selected - so these may vary.
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