Part A premium (Hospital)

Most people don't pay a monthly premium for Part A (sometimes called "premium-free Part A"). If you don’t qualify for premium-free Part A: You might be able to buy it. You’ll pay either $278 or $506 ($278 or $505 in 2024) each month for Part A, depending on how long you or your spouse worked and paid Medicare taxes.

Part A hospital and inpatient deductible

 You pay: 

• $1,600 ($1,632 in 2024) deductible for each benefit period
• Days 1-60: $0 coinsurance for each benefit period
• Days 61-90: $400 ($408 in 2024) coinsurance per day of each benefit period
• Days 91 and beyond: $800 ($816 in 2024) 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 (Medical)

Most people pay $164.90 each month  ($174.70 in 2024) (or higher depending on your income).

Part B deductible and coinsurance

$226. ($240 in 2024), before Original Medicare starts to pay. You pay this deductible once each 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 (Medicare Advantage) 

Part C monthly premium varies by plan

Part D premium (Drug Coverage)

The Part D monthly premium varies by plan (higher-income consumers may pay more)