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

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

A new study shows that Humana’s shift from a fee-for-service to a value-based care model for its Medicare Advantage plans is paying off. The internal study concluded that the shift to focusing...
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Some Medicare Advantage Plans May Offer Wellness Programs

What if you could get additional benefits alongside your Medicare coverage and lead a healthier life? Some Medicare Advantage plans make it possible by adding certain wellness programs at no add...
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Medicare & Medicaid Recipients: Learn More About Allowances for Over-the-Counter Supplies

If you have Medicare and Medicaid, you may be able to enroll in a Medicare Special Needs Plan (SNP) that offers an allowance for certain over-the-counter products. Certain SNPs may provide a...
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Do You Know Medicare Advantage Plans May Offer Additional Benefits?

Did you know some Medicare Advantage plans may offer additional benefits — even rewards programs? Certain Medicare plans may offer rewards, rebates and even gift cards as a reward for a healthy...
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What Is a Medicare Special Needs Plan (SNP)?

Medicare Advantage plans called Special Needs Plans (SNP) are designed to provide customized care to people with specific health conditions. A Special Needs Plan is a type of Medicare Advantag...
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Medicare Savings Programs (MSPs)

Medicare coverage can include out-of-pocket expenses. Many people may struggle to close the gap on some of these costs. Medicare Savings Programs may help alleviate some of that burden for eligi...
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How Does Medicare Work With Private Insurance?

Original Medicare (Part A and Part B) is a federally funded government program. There are certain parts of Medicare that are actually private insurance, however, such as Medicare Part C (Medic...
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Medicare PFFS Plans: The Basics

Are you considering enrolling in a Medicare Advantage plan (Medicare Part C)? There are several different types of Medicare Advantage plans that may be available in your area. One type of Medi...
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A Closer Look at Medicare Out-Of-Pocket Costs

Nothing in life is completely free, and that’s true for Medicare. In this guide, we’ll take a detailed look at the out-of-pocket costs for Medicare beneficiaries and show you a few ways you may...
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Medicare Insolvency

June 2018 Medicare’s financial woes may be even worse than previously thought. The 2018 Medicare Trustees Report , released in early June, revealed the Medicare Part A trust fund is project...
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