How much does it cost for medicare

Part A

2022 monthly premium:

For most people, Part A is free.
If you have fewer than 30 working quarters (7.5 years) of coverage, you pay $499/month.
For 30-39 working quarters (more than 7.5 or less than 10 years) of coverage, you pay $259/month.

2023 monthly premium

For most people, Part A is free.
If you have fewer than 30 working quarters (7.5 years) of coverage, you pay $506/month.
For 30-39 working quarters (more than 7.5 or less than 10 years) of coverage, you pay $278/month.

Part B

2022 monthly premium:

The standard Part B premium is $170.10 (or higher depending on your income). However, about 3.5% of people who get Social Security benefits will pay less due to the “hold harmless” provision. Social Security will tell you the exact amount you’ll pay.
Learn more about Part B costs (www.medicare.gov).

2023 monthly premium

The standard Part B premium is $164.90 (or higher depending on your income). However, about 3.5% of people who get Social Security benefits will pay less due to the “hold harmless” provision. Social Security will tell you the exact amount you’ll pay.
Learn more about Part B costs (www.medicare.gov).

Note:

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2022 monthly premium:
2023 monthly premium
2022 monthly premium:
2023 monthly premium

If you're not receiving Social Security benefits, you'll need to arrange premium payment with the Social Security Administration.

Learn more about Part B costs (www.medicare.gov).

View a summary of Medicare premium, deductible, and coinsurance rates that are in effect in 2021.

Below is a summary of basic costs for people with Medicare.

Part A: (Hospital Insurance) Premium

Most people don't pay a monthly premium for Part A (sometimes called "premium-free Part A"). If you don't qualify for premium-free Part A, you can buy Part A. If you buy Part A, you will pay either $259 or $471 each month in 2021.

How much does Part A cost?

Part B: (Medical Insurance) Premium

The standard Part B premium amount is $148.50 (or higher depending on your income) in 2021.You pay $203.00 per year for your Part B deductible in 2021. After your deductible is met, you typically pay 20% of the In Original Medicare, this is the amount a doctor or supplier that accepts assignment can be paid. It may be less than the actual amount a doctor or supplier charges. Medicare pays part of this amount and you’re responsible for the difference.

Medicare-approved amount for most doctor services (including most doctor services while you're a hospital inpatient), outpatient therapy, and Certain medical equipment, like a walker, wheelchair, or hospital bed, that's ordered by your doctor for use in the home.">durable medical equipment.

How much does Part B cost?

If you have limited income and resources, your state may help you pay for Part A and/or Part B.

Part D: Costs for Medicare Drug Coverage

You'll make these payments throughout the year in a Medicare drug plan:

Monthly premium - The Part D monthly premium varies by plan (higher-income consumers may pay more).
Yearly deductible - Deductibles vary between Medicare drug plans. No Medicare drug plan may have a deductible more than $445 in 2021. Some Medicare drug plans don't have a deductible.
Copayments or coinsurance
Costs in the coverage gap
Costs if you get Extra Help
Costs if you pay a late enrollment penalty

Your actual drug plan costs will vary depending on:

The drugs you use
The plan you choose
Which pharmacy you use
Whether the drugs you use are on your plan's formulary
Whether you get extra help paying your Medicare Part D costs

Read more about costs for Medicare drug coverage.

Content created by Digital Communications Division (DCD)
Content last reviewed August 5, 2021

En español | Medicare covers a lot of your health care costs, but not all. There are also premiums and other out-of-pocket costs to consider. AARP’s Medicare Question and Answer Tool is a starting point to guide you through some of the more common questions about costs and options for people with limited incomes.

Q: What does Medicare generally cost?

A: Generally, how much you pay for Medicare depends on: which Medicare plan you choose; how often you go to the doctor or hospital; whether you have other health insurance; and whether you qualify for help with Medicare costs. — Read Full Answer

Q: What is a premium?

A: A premium is the monthly amount you pay to Medicare or a private insurance plan for your health care and your prescription drug coverage. — Read Full Answer

Q: What is coinsurance?

A: Coinsurance is the amount you may be required to pay for services after you pay any deductibles. This could be a percentage (such as 20 percent) of the Medicare-approved amount or a fixed dollar amount. — Read Full Answer