2024 Medicare Costs

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Part A Premium“Premium Free” with qualified work history.
If you pay for Part A (most people do not have to pay)
you can pay up to $505
Part A Deductible and CoinsuranceYou pay:
$1,632 deductible for each benefit period
Days 1-60: $0 coinsurance for each benefit period
Days 61-90: $408 coinsurance per day of each benefit period
Days 91 and beyond: $816 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 PremiumThe standard Part B premium amount is $174.70 (or higher depending on your income).
Part B deductible and coinsurance$240. After your deductible is met, you typically pay 20% of the Medicare-approved amount for most doctor services
Part C PremiumThe Part C monthly premium varies by plan.
Part D PremiumThe Part D monthly premium varies by plan (higher-income consumers may pay more).

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