Medicare Costs

Average cost of Medicare Part A

If you or your spose worked and paid Medicare taxes for the equivalent of 10 years (40 quarters), you qualify for premium-free Medicare Part A.

If you paid Medicare taxes for only 30-39 quarters, your 2020 Part A premium will be $252 per month. If you paid Medicare taxes for fewer than 30 quarters, your premium will be $458 per month.

Average cost of Medicare

Average cost of Medicare part B

The standard monthly premium for Medicare Part B is $144.60 per month in 2020.

Some Medicare beneficiaries may pay more or less per month for their Part B coverage. The Part B premium is based on your reported income from two years ago (2018).

Average cost of Medicare Part B

Average cost of Medicare Part C

In 2019, the average monthly premium for a Medicare Part C (Medicare Advantage) plan nationwide was $29 per month, and the median premium cost was $21 per month.

Average cost of Medicare Part C

Average cost of Medicare Part D

The average Part D plan premium in 2020 is projected to be $42.05 per month.

Average cost of Medicare Part D

Medicare Supplement Costs

The average premium a Medicare Supplement Insurance (Medigap) plan beneficiary paid in 2018 was $125.93. But the average cost of each type of Medigap plan can vary quite a bit from one plan type to another.

Average cost of Medicare Supplement Plans

Medicare Cost Articles

Medicare Improper Payment Rate Declines in 2018

November 21, 2018 Medicare reached a milestone in 2018: The rate of improper Medicare payments decreased for the first time in program history. According to the Centers for Medicare and...
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Medicare Easy Pay: The Easy Way to Pay for Medicare

Medicare makes it easy for beneficiaries to pay their Medicare premiums thanks to Medicare Easy Pay . Medicare Easy Pay (MEP) is Medicare’s electronic payment option that allows beneficiaries t...
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Medicare Costs in 2020

Medicare Part A and Part B costs generally increase each year, as they did in 2019 and again in 2020. This includes costs for Medicare deductibles, coinsurance and premiums. Learn more about 202...
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2020 Medicare Costs: Parts A, B, C, D and Medigap

There are 4 primary parts of Medicare , which include some private Medicare policy options. Another type of private Medicare policy is Medicare Supplement Insurance (also called Medigap )....
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Medicare Cost Plans: Coverage, Benefits and Costs

A Medicare Cost plan can be similar to a Medicare Advantage plan in some ways, but with a few key differences. In this article we outline some of the benefits of each type of health insuranc...
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2020 Medicare Premiums According to Your Income Level

Medicare Part B and Part D require higher income earners to pay higher premiums for their plan. If you have Part B and/or Part D benefits (which are optional), your premiums will be based in part...
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Medicare Copays and Other 2020 Medicare Costs

Medicare Advantage plans offer the ability to receive the same benefits as Original Medicare, but from a private insurer. However even with the added flexibility that Medicare Advantage plans pr...
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Medicare Medical Savings Accounts (MSA): What To Know

One type of Medicare Advantage plan is called a Medicare Medical Savings Account (MSA) . These plans combine a high-deductible Medicare Advantage plan with a savings account to offer a unique way...
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How You Can Get Help Paying Medicare Premiums

Medicare costs can add up. In addition to out-of-pocket costs like deductibles and coinsurance, there are also Medicare premiums that must be paid to maintain coverage. In this guide, we detail...
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17 Health Care Costs You May Be Able to Deduct From Your Taxes

As tax season approaches each year, it’s time to gather up your tax documents, crunch the numbers and hope for the best. For many older Americans, it also means utilizing some key health care-r...
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