How Much Does Medicare Cost?

The Cost of Medicare for 2023

Part A – Hospital Coverage

Monthly Premium: $0 for most people
Deductible: $1600

Part B – Medical Insurance

Monthly Premium: $164.90 for most people
Deductible: $226
Cost of Services (Coinsurance): You’ll usually pay 20% of the cost for each Medicare-covered service or item after you’ve paid your deductible.

Part D – Drug Coverage

Monthly Premium: Monthly premiums vary based on which plan you join. The amount can change each year. You may also have to pay an extra amount each month based on your income.
Deductible: The deductible amount varies based on which plan you join.

https://www.medicare.gov/basics/get-started-with-medicare/medicare-basics/what-does-medicare-cost

Still have questions?

An insurance agent with HealthMarkets will give you free guidance on Medicare, Medicare supplement, and Medicare advantage plans.

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