Original Medicare is health insurance for Americans aged 65 and older or under 65 with certain health conditions. Today we’ll discuss the different cost-sharing associated with the other parts of Medicare. After that, we’ll go over some frequently asked questions. Finally, we’ll cover how to get help with Medicare plans to offset some of the costs associated with Medicare.

How Much Does Medicare Cost Per Month?

Medicare has four parts. Each part has different costs and benefits. Next, we’ll differentiate between the parts of Medicare and the costs related to each part. These costs are based on and are subject to review and change annually by the Centers for Medicare and Medicaid Services.

How Much Does Medicare Part A Cost?

For the vast majority of Medicare beneficiaries, Part A (inpatient coverage) will have a zero-premium. The tax deductions cover Medicare Part A premiums from your paycheck throughout your working years. If you did not work for at least ten years, sometimes referred to as 40 quarters, you will pay for your Part A.

The cost for Part A will depend on how many quarters you worked and paid into the Medicare system. If you have not worked or paid in at all, you’ll be responsible for the entire $505 monthly. For those who worked at least 30 quarters, your monthly premium will be $278.

If you did not work, but your spouse worked 40 quarters, you may also qualify for a zero-premium for Part A.

Part A hospital insurance costs include a per benefit period deductible and a fixed daily cost once you hit your 61st day in the hospital. From days 61 to 90, there is a per-day copay of [GCBB#part-a-inpatient-coinsurance-days-61-90]. If you use up your lifetime reserve days, you’ll pay [GCBB#part-a-inpatient-coinsurance-days-91-120] each additional day in the hospital after that.

Daily Coinsurance$0$389$778100%

You’ll not have to pay for the first 20 days if you need skilled nursing. You’ll have a per-day copay from days 21 through 100 of [GCBB#part-a-snf-copay-days-21-100]. There is no coverage for days 101 or after.

How Much Does Medicare Part B Cost?

Most people will pay a standard monthly premium for Medicare Part B. Medicare beneficiaries will pay $174.70 in . These costs can vary depending on how much income you have.

If you’re on the lower income spectrum, you may qualify for a Medicare program to pay your Part B (medical insurance) premium. If you’re considered higher-income, there will be an Income Related Monthly Adjustment Amount or IRMAA.

The Income Related Monthly Adjustment Amount is based on your income from two years prior.
Beneficiaries who file individual tax returns with modified adjusted gross income:Beneficiaries who file joint tax returns with modified adjusted gross income:Income-Related Monthly Adjustment AmountTotal Monthly Premium Amount in 2023
$97,000 or less$194,000 or less$0.00$164.90
$97,000 to $123,000$194,000 to $246,000$65.90$230.80
$123,000 to $153,000$246,000 to $306,000 $164.80$329.70
$153,000 to $183,000$306,000 to $366,000$263.70$428.60
$183,000 to $500,000$366,000 to $750,000 $362.60$527.50
$500,000 or above $750,000 or above $395.60$560.50

For Part B outpatient services, you’ll pay an annual deductible and then 20% of the cost and any excess charges. An excess charge is an up to 15% charge on top of the Medicare-approved amount.

How Much Does Medicare Part C Cost?

Part C is also called Medicare Advantage. If you elect to enroll in a Medicare Advantage plan, it’ll take over your Medicare Parts A, B, and in most cases, D. These all-in-one plans are another way to receive your Medicare Benefits. You must continue to pay your Part A and B costs to enroll in Part C.

The costs for Medicare Part C will vary depending on where you live. In many areas, there are options with a zero-dollar plan premium. But they can also be more than $100 a month.

In addition to the premium amount, you can expect to pay copays, deductibles, or coinsurance depending on the service. Since these plans aren’t standardized, all coverage and costs could vary. Review your program benefits summary to ensure you know the costs.

How Much Does Medicare Part D Cost?

Medicare Part D plans are prescription drug coverage for Medicare. Similar to the Part C of Medicare, these costs will vary based on where you live. The average Part D premium is around $31.50.

Other drug plan costs associated with Medicare Part D could be deductible. The deductible is up to $505 if applicable. Once you meet the deductible, you will have copays or coinsurance for your prescriptions as you pick them up from the pharmacy.


What is the base cost of Medicare?

The base cost for Part A is $505 a month. The Base cost for Part B is $174.70. Medicare Parts C and D don’t have a base cost, as the insurance company will set those costs.

How much does Medicare cost at age 65?

For most Medicare beneficiaries, Part A will have a zero premium. Part B will cost $174.70 monthly.

How much will Medicare cost in 2022?

In the Medicare Part B premium will be $174.70 for new Medicare beneficiaries. In addition, the Part A deductible is $1,632, and the Part B deductible is $240. These costs are evaluated annually by the Centers for Medicare and Medicaid Services.

How much does Medicare cost if you’re still working?

Your Medicare costs will be the same regardless of if you continue to work, assuming you have already met your 40 quarters. If you’re not drawing Social Security, you should expect a quarterly bill for your Medicare Part B premium.

How much does Medicare cost for a married couple?

Medicare is individual coverage, not spousal or family coverage. The costs will be multiplied by two. For example, Medicare Part B has a deductible of $174.70. The price will be $174.70 for each household member.

What is a Medicare cost plan?

Private insurance companies offer Medicare cost plans in some regions of the United States. They supplement costs left over by Original Medicare, similar to a Medicare Supplement Plan. These style plans work like a blend between Medicare and Medicare Advantage. Unlike Medicare Advantage, you can join anytime the program accepts enrollees or return to Original Medicare.

Is Medicare premium based on income?

Yes! Your Medicare premiums are affected by your income. The higher the income the higher the adjusted amount is. This IRMAA typically has a lookback of two years.

Why is Medicare so expensive?

Healthcare is one of the most expensive costs in the United States. If you have paid your Medicare taxes for at least 40 quarters the cost isn’t as high. Enrolling in a Medicare Advantage plan can lower your costs.

How to Get Help with Your Medicare Costs

Medicare costs can be overwhelming but you have help. We’re here to assist you in finding ways to offset the costs and fill the gaps. We have access to every option available for Medicare beneficiaries. Our Medicare experts will be able to guide you through the entire process step by step.

Not only will we educate you on Medicare and your options, but we’ll also show you how to ensure you have the right plan and even help you enroll. Just give us a call, or fill out our online request form.

Written By:
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Lindsay Malzone, Lindsay Malzone is the Medicare editor for Medigap.com. She's been contributing to many well-known publications since 2017. Her passion is educating Medicare beneficiaries on all their supplemental Medicare options so they can make an informed decision on their healthcare coverage.
Reviewed By:
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Rodolfo Marrero, Rodolfo Marrero is one of the co-founders at Medigap.com. He has been helping consumers find the right coverage since the site was founded in 2013. Rodolfo is a licensed insurance agent that works hand-in-hand with the team to ensure the accuracy of the content.