Health Plan Advisors

Part A (hospital insurance) premium:

Most people do not pay a premium with a work history of 40 or more quarters.
If you have 30 - 39 quarters of employment the premium is $285 per month.
If you have less than 30 quarters you pay $518 per month.

Part A Deductible and Co-pays:

Part A Deductible for each benefit period:
$1676

Hospital Inpatient Co-pays:
$0 for days 1-60
$419 per day for days 61-90
$838 per day for days 91-150
All costs for all days after 150 (unless you have a Medicare Supplement or certain Medicare Advantage plans which give you extra coverage.

Skilled Nursing Facility
$0 for days 1-20
$209.50 per day for days 21-100
All costs for all days after 100 (unless you have a Long or Short Term Care policy.

Home Health Care
$0 for home health care services
20% of the Medicare approved amount for durable medical equipment

Hospice
$0 for hospice care

Late Enrollment Penalty
If you aren't eligible for premium free Part A and you don't buy it when first eligible, your monthly premium may go up 10%. You'll pay this penalty for twice the number of years you could have had Part A but didn't.

Part B (doctor & outpatient insurance) premium:

These amounts are for 2025. If you had Medicare Part B prior to 2018 and your Part B premium was taken out of your Social Security check the amount you are paying might be less than the standard premium because of the hold harmless provision, which limits certain beneficiaries' increase in Part B premium to no greater than the increase in their Social Security benefits . An estimated 2 million Medicare beneficiaries (about 3.5%) will pay less than the full amount. The amount you pay for Part B depends on income.

$185 per month if your income is below $106,000 (single tax filing status) or $212,000 (joint tax filing status).

Up to $628.90 for high income beneficiaries. Click Here for more info.

However, for 2025 you could pay $0.00 per month if your monthly income is below a certain amount. This amount will be released soon, but it 2024 your income needs to be below  $1,715 (single tax filing status) or $2,320 (joint tax filing status). Resource limits are $9,430 single and $14,130 couples.

Part B Deductible and Co-insurance:

Part B Annual Deductible for 2025: $257.

Part B Co-insurance:
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.