2024 Medicare Costs

Learn how 2024 Medicare changes could affect your coverage and costs. Review our 2024 Medicare Costs Overview or read the informational guides and articles below.

Average cost of Medicare Part A

If you or your spouse 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 2024 Part A premium will be $278 per month. If you paid Medicare taxes for fewer than 30 quarters, your premium will be $505 per month.

Average cost of Medicare

Average cost of Medicare part B

The standard monthly premium for Medicare Part B is $174.70 per month in 2024.

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 (2022).

Average cost of Medicare Part B

Average cost of Medicare Part C

In 2024, the nationwide average monthly premium for a Medicare Part C (Medicare Advantage) plan is $13.24 per month.¹

Average cost of Medicare Part C (Medicare Advantage) by state and county

Average cost of Medicare Part D

The average 2024 Part D plan premium is $18.50 per month.²

Average cost of Medicare Part D

Medicare Supplement (Medigap) Costs

In 2023, the average Medicare Supplement (also called Medigap) plan premium was $130.58 per month.³ But the average cost of each type of Medigap plan can vary quite a bit from one plan type to another.

The average premium a Medicare Supplement Insurance (also called Medigap) plan can vary based on factors such as where you live, your age, your health status and more.

Average cost of Medicare Supplement Plans

Medicare Cost Articles

What Is a Medicare Special Needs Plan (SNP)?

A Medicare SNP, or Special Needs Plan, is a type of Medicare Advantage plan tailored to the needs of specific health conditions or circumstances. Learn more about what a Medicare Advantage SNP cove...

What Is the Average Cost of Medicare Part D Plans in Each State?

How much does is the average Medicare Part D plan cost? Learn about 2024 Medicare prescription drug plan costs in your state.

A Closer Look at 2024 Medicare Out-Of-Pocket Costs

Medicare includes a number of out-of-pocket costs such as deductibles, coinsurance and copayment. See a full breakdown and learn ways you could save.

Medicare Cost Plans: Coverage, Benefits and Costs

Medicare Cost Plans are similar to Medicare Advantage plans in some ways. Learn what distinguishes this type of coverage and see if it might be right for you.

Medicare Medical Savings Accounts (MSA): What To Know

A Medicare Medical Savings Account (MSA) combines health insurance coverage with a medical savings account. Are you considering enrolling in an MSA? Learn more about this unique type of Medicare pl...

How You Can Get Help Paying Medicare Premiums

Are you looking for help paying Medicare premiums? Here we detail Medicare Extra Help and several other Medicare Savings Programs that can help you with costs.

Study: Value-Based Medicare Advantage Plans Deliver Better Care at a Lower Cost

An internal study released shows that members who receive value-based care from Medicare Advantage plans are receiving better care at a lower cost than members of traditional fee-for-service plans.

2024 Medicare Costs: Parts A, B, C, D and Medigap

Explore 2024 Medicare costs such as deductibles, copayments, coinsurance and other costs. Learn how you may be able to get help covering your Medicare costs.

Medicare Savings Programs (MSPs)

There are four types of Medicare Savings Programs and each one comes with its own benefits. Learn about how you could save on some of your Medicare Part D costs.

Medicare Late Enrollment Penalties

If you don’t sign up for Medicare when you first become eligible, you may face a late enrollment penalty. Learn how much these penalties are and how you can avoid them.