Part A premium
Most people don’t pay a monthly premium for Part A (sometimes called “premium-free Part A”). If you buy Part A, you’ll pay up to $458 each month in 2020. If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $458 in 2020. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $252 in 2020.
Part A hospital and inpatient deductible/h2>
- $1,408 deductible for each benefit period
- Days 1-60: $0 coinsurance for each benefit period
- Days 61-90: $352 coinsurance per day of each benefit period
- Days 91 and beyond: $704 coinsurance per each “lifetime reserve day” after day 90 for each benefit period (up to 60 days over your lifetime)
- Beyond lifetime reserve days: all costs
Part B premium
Most people pay $144.60 each month (or higher depending on your income). However, most people who get Social Security benefits will pay less than this amount.
Part B deductible and coinsurance
$198 per year. After your deductible is met, you typically pay 20% of the Medicare-approved amount for most doctor services (including most doctor services while you’re a hospital inpatient), outpatient therapy, and durable medical equipment.
Part C premium
Part C monthly premium varies by plan
Part D premium
The Part D monthly premium varies by plan (higher-income consumers may pay more)
This information comes from www.medicare.gov
By contacting the phone number on this website you will be directed to a licensed agent.