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

What Is the Average Cost of Medicare Part B in 2020?

Medicare Part B is optional for all beneficiaries. Part B is medical insurance and covers certain outpatient care such as doctor’s office visits, preventive care, medical equipment and other quali...
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The Average Cost of Medicare in Every State

New to Medicare? Compare Medicare plan costs in your area. Compare Plans Or call 1-800-557-6059 1-800-557-6059 TTY Users: 711 24/7 to speak with a licensed insurance agent. Origin...
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The Average Cost of Medicare in 2020

New to Medicare? Compare Medicare plan costs in your area. Compare Plans Or call 1-800-557-6059 1-800-557-6059 TTY Users: 711 24/7 to speak with a licensed insurance agent. How mu...
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$0 Premium Medicare Advantage Plans

One of the first things people may want to know when shopping for health insurance coverage the cost of the plan. But what if there were affordable Medicare Advantage plans that offered $0 premium...
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Part D Plan Costs: Premiums & the Donut Hole

If you have Part D coverage, you may have to pay premiums , "donut hole" drug costs , and other out-of-pocket costs like deductibles . Your Part D plan premiums will depend on the type of...
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What Is the Average Cost of Medicare Part D Plans in Each State?

Medicare Part D provides coverage for prescription medications. The average Part D plan premium in 2020 is projected to be $42.05 per month. 1 Because Original Medicare (Part A and Part B) does...
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Understanding Medicare Supplement Insurance Plan Costs

Deciding whether Medicare Supplement Insurance (Medigap) is worth the cost is a personal decision that depends on several factors, including whether you’re looking for lower monthly premium totals...
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What Is the Average Cost of Medicare Supplement Insurance?

The average premium a Medicare Supplement Insurance (Medigap) plan beneficiary paid in 2018 was $125.93 . 1 But the average cost of each type of Medigap plan can vary quite a bit from one plan...
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