Medicare Costs

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 2022 Part A premium will be $274 per month. If you paid Medicare taxes for fewer than 30 quarters, your premium will be $499 per month.

Average cost of Medicare

Average cost of Medicare part B

The standard monthly premium for Medicare Part B is $170.10 per month in 2022.

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 (2020).

Average cost of Medicare Part B

Average cost of Medicare Part C

In 2022, the nationwide average monthly premium for a Medicare Part C (Medicare Advantage) plan is $62.66 per month, though many plans feature lower or $0 monthly premiums.1

Average cost of Medicare Part C

Average cost of Medicare Part D

The average Part D plan premium in 2022 is $47.59 per month.1

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

 


1 The Best States for Medicare report.

2 TZ Insurance Solutions LLC internal sales data, 2019. This data is based on the Medicare Supplement Insurance policies TZ Insurance Solutions LLC has sold. It is not a comprehensive national average of all available Medicare Supplement Insurance plan premiums.

Medicare Cost Articles

2022 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...
Read More

Medicare Copays and Other 2022 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...
Read More

The Medicare-Approved Amount Explained

The Medicare-approved amount is the amount of money that Medicare will pay a health care provider for a medical service or item. After you meet your Medicare Part B deductible ( $233 per year...
Read More

Medicare Advantage Plans: An Alternative to Original Medicare

If you aren’t entirely satisfied with Original Medicare coverage (Medicare Part A and Part B), or want to find out how to get additional benefits that aren’t offered by Original Medicare, there ar...
Read More

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...
Read More

How Are Your Medicare Costs Calculated?

If you are a high-income earner, you could potentially pay higher premiums for Medicare Part B (medical insurance) and Medicare prescription drug coverage. But how are these Medicare costs calcu...
Read More

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...
Read More

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...
Read More

The Benefit of Enrolling in a Medicare Advantage Plan With a Large Provider Network

Do you want to keep your current doctor who accepts Medicare? Most people probably do. That’s why having a Medicare Advantage plan with a large and flexible network can be so valuable. Certa...
Read More

Medicare and Medicaid Dual Eligibility: Medicare D-SNP (Dual-Eligible Special Needs Plan) Eligibility & Enrollment

61.9 million Americans are Medicare beneficiaries. 1 In 2019, more than 12 million Americans were dually eligible for Medicare and Medicaid and are enrolled in both programs. 2 Beneficiaries...
Read More