Medicare cost vary based on the specific parts of Medicare chosen (Parts A, B, C, and D) and individual circumstances.
Cost for Medicare Part A (Hospital Insurnace) #
- Premium: Generally free for those with sufficient work history, $285 or $518 per month for others.
- Deductible: $1,676 per benefit period in 2025.
- Coinsurance: Varies based on length of stay in the hospital or skilled nursing facility.
Cost for Medicare Part B (Doctors Insurance) #
- Premium: Standard premium is $185 per month in 2025 for those with income below $106,000 (individual) or $212,000 (couple), but may be higher based on income.
- Deductible: $257 per year in 2025.
- Coinsurance: Generally 20% of the Medicare-approved amount.
Cost for Medicare Part D (Prescription Drug Coverage) #
Part D plans vary in monthly premiums, deductibles, coinsurance, and copayments. No plan has a deductible greater than $590 or a maximum-out-of-pocket greater than $2,000 per year.
Cost for Medicare Part C #
Similar to Part D plan, the monthly premiums vary between Part C plans. Because of how Part C plans are structured, your yearly cost will be determined very much by how often you seek care.
No plan has a maximum-out-of-pocket greater than $9,800 per year in 2025.
Additional Cost #
Medigap plans have monthly premiums that you pay in addition to your original Medicare premiums. Additionally, most Medigap plans require you to pay the yearly Part B deductible of $200 before the plan pays.
Original Medicare has no out-of-pocket maximum. Without a Medigap plan or a Part C plan, people on Original Medicare have no yearly cap on how much they could pay.
Factors that affect cost. #
- Income: Higher income can lead to higher premiums for Part B and Part D.
- Coverage choices: Selecting a Medicare Advantage plan or a Medigap policy will affect costs.
- Location: Premiums for Medigap and some Medicare Advantage plans can vary based on where you live.