Part A Premium
Did you know most people don’t pay a monthly premium for Part A? If you buy Part A, you’ll pay up to $437 each month. If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $437. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $240.
Part A hospital inpatient deductible and coinsurance
- $1,364 deductible for each benefit period.
- Days 1-60: $0 coinsurance for each benefit period.
- Days 61-90: $341 coinsurance per day of each benefit period.
- Days 91 and beyond: $682 coinsurance per each “lifetime reserve day” after day 90 for each benefit period (up to 60 days over your lifetime)
- Beyond lifetime reserve days: All costs
Part B Premium
The standard Part B premium amount is $135.50 (or higher depending on your income).
Part B deductible and coinsurance
$185 per year. After your deductible is met, you typically pay 20% of the Medicare-approved amount for most doctor services (including most doctor services while you’re a hospital inpatient), outpatient therapy, and durable medical equipment.
Part C premium
Commonly referred to as Medicare Advantage Plans. These will vary by cost.
Part D premium
Commonly referred to as Prescription Drug Coverage. These will vary by cost. (higher-income consumers may pay more).