How much will Medicare cost me?

6 answers | Last updated: Jul 13, 2017
Shirley asked...

How do I find out how much Medicare will cost me?

Community Answers

A fellow caregiver answered...

Medicare Part A is free for most people. If you're 65 or over and eligible for Social Security, Railroad Retirement or civil service retirement, or dependents or survivors benefits, you're also eligible for Medicare Part A without paying any premium. If you're under 65 and have received Social Security disability benefits for 24 months, you're also eligible for free Part A coverage. If you aren't eligible for free Part A coverage, you can buy it for a monthly premium. With 30 to 39 Social Security or civil service work credits, you'd pay $233 a month; if you have fewer than 30 work credits, Part A costs you $423 a month. You can find out how many credits you have by checking the annual earnings record Social Security sends you or by going online at the Social Security website[].

For Medicare Part B, everyone pays a monthly premium (which goes up each January 1). Most people pay $96.40 per month. If you're eligible for Medicaid benefits, Medicaid pays this Medicare Part B premium for you. Single people (or married filing a separate tax return) with an adjusted gross income over $82,000 per year pay higher premiums, as do couples whose combined gross income exceeds $164,000. Those premiums are:

  • income up to $102,000/$204,000 (single/couple), monthly premium of $122.20 per person
  • income over those amounts and up to $153,000/$306,000 (single/couple), monthly premium of $160.90 per person
  • income ver those amounts and up to $205,000/$410,000 (single/couple), monthly premium of $199.70 per person
  • income over $205,000/$410,000 (single/couple), monthly premium of $238.40 per person.

For more details, go to the Medicare web site[].

Medicare Part D is the Medicare-regulated prescription drug program. Part D drug plans are sold by private insurance companies and cost between about $10 and $50 per month, depending on the coverage and the insurance company selling the plan.

Editor's Note: The dollar amounts noted above may have changed. For the most recent information, please check[].

Cindy answered...

What about Medicare Advantage???

Emily m. answered...

Hi Cindy,

Thank you for your question. If you'd like, you can create a new Ask & Answer page, here:

Take care, Emily

Will n answered...

Hey Cindy, Medicare Advantage Plans Costs and Coverage are dictated by the Companies that run the Plan. Many Plans have no Premiums, as Money that was meant to pay for Original Medicare, gets paid to the respective Companies with which the Medicare Advantage Plan is affiliated. Medicare Advantage Plans by Law, must have at MINIMUM the same amount of Coverage, however most also include other benefits including Part D (Prescription) coverage, also Dental, Glasses, and Hearing Aids coverage, however it does depend on the Company offering the Plan. answered...

I use to pay 104.50 per month for medicare, now I'm on Social Security and they take 121.50 I don't get it.

Valueman answered...

If you had to pay the full cost of your Medicare, the monthly premium c be about $400 - $500.