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:
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