How Much Does Medicare Cost

The cost of Medicare varies depending on the type of coverage you choose and your specific circumstances. Here is a general overview of the costs for different parts of Medicare in 2025:

Part A (Hospital Insurance):

• Premium: Most people don't pay a monthly premium for Part A if they or their spouse paid Medicare taxes for at least 10 years. This is known as "premium-free Part A." 

• Deductible: $1,676 for each benefit period

• Inpatient Stays (Copayments):

• Days 1-60: $0 after you pay your Part A deductible

• Days 61-90: $419 each day

• Days 91-150: $838 each day while using your 60 lifetime reserve days

• After day 150: You pay all costs

Part B (Medical Insurance):

• Premium:  $185 each month, or higher depending on your income

• Deductible and Coinsurance:  You pay 20% of the Medicare-approved amount for most doctor services, outpatient therapy, and durable medical equipment after you meet the $257 deductible

Part C (Medicare Advantage Plans):

• Costs vary by plan and may include monthly premiums, deductibles, and copayments. These plans are offered by private companies approved by Medicare and may include additional benefits like vision, hearing, and dental coverage

Part D (Prescription Drug Plans):

• Costs vary by plan and may include monthly premiums, annual deductibles, and copayments or coinsurance for covered drugs

It's important to review your specific plan details and consider any supplemental coverage you might have, such as a Medicare Supplement Insurance (Medigap) policy, which can help lower your out-of-pocket costs