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And what they cover
Part A is your hospital coverage and covers:
Costs (2023)
$0 – if you worked for 40+ quarters throughout your life
$278 per month – if you worked for 30-39 quarters
$506 per month – if you worked less than 30 quarters
Deductible – $1,600 per benefit period (2023)
The Part A benefit period begins the day you are admitted as an inpatient in a hospital. The benefit period ends when you haven’t received any inpatient hospital care for 60 days in a row.
Other Gaps
Part B is your medical coverage
Costs (2023)
Premium
$164.90 per month – (for most people)
Costs may be higher for those with higher incomes.
Deductible
$226 per year
Other Gaps
20% of the Medicare fee schedule
There is no limit or maximum to your 20% responsibility
MEDICARE ADVANTAGE
These plans may also include:
Premiums
Starting at $0
Premiums range from company to company as well as where you live because Medicare Advantage plans are built around specific zip codes. Several carriers and plans have $0 premiums in certain regions while others have a slightly higher monthly premium.
Expect between $0 – $100 per month.
Cost Sharing You will have some cost sharing in the form of copays and coinsurance with your Medicare Advantage plans. These costs will vary based on the insurance company and plan you choose.
Premiums can vary from company to company depending on your medications and where you live. Medicare Part D plans are built around specific zip codes.
Premiums may also be adjusted for those with higher incomes.
Coverage Details
Part D is notoriously complicated, which is why we have a whole page dedicated to Part D coverage details.
Medicare & Social Security are complex, but you don’t have to deal with them by yourself. We’re here to do all the heavy lifting for you.
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90DaysFromRetirement.com is an educational resource. Medicare has neither reviewed nor endorsed this information. Not connected with or endorsed by the United States government or the federal Medicare program. Calling our phone number will connect you to a licensed broker who is trained and certified to help you review the plan options available in your area. Currently we represent between zero (0) and nine (9) organizations which offer between zero (0) and fifty-two (52) products in your area. You can always contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program for help with plan choices.