Medicare 2024 costs at a glance
Part A premium
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Most people don't pay a monthly premium for Part A (sometimes called "premium-free Part A"). If you paid Medicare taxes less than 30 quarters, the standard Part A premium is $505 in 2024. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $278 in 2024.
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Part A hospital and inpatient deductible
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You pay:
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$1,632 deductible for each benefit period
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Days 1-60: $0 coinsurance for each benefit period
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Days 61-90: $408 coinsurance per day of each benefit period
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Days 91 and beyond: $816 coinsurance per each "lifetime reserve day" after day 90 for each benefit period (up to 60 days over your lifetime)
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Beyond lifetime reserve days: all costs
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Part B premium
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Most people pay $174.70 each month (or higher depending on your income).
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Part B deductible and coinsurance
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$240. After your deductible is met, you typically pay 20% of the Medicare-approved amount for most doctor services (including most doctor services while you're a hospital inpatient), outpatient therapy, and durable medical equipment.
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Part C premium
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Part C monthly premium varies by plan
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Part D premium
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The Part D monthly premium varies by plan (higher-income consumers may pay more)
This information comes from www.medicare.gov
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By contacting the phone number on this website, you will be directed to a licensed agent.