1. Part A (Hospital)

    The following are the costs of Medicare Part A for 2021. Premium Most enrollees will not have a Part A premium (see Who Can Get Medicare?), but those who don’t have 40 quarters of work history or a spouse with 40 quarters of work history will need to pay a premium. For 2021, the premium for people who have between 30 and 39 quarters of work history is $259 per month. For people with fewer than 30 quarters, it’s $471 per month.

  2. Part B (Doctor)

    For Medicare Part B, you’ll pay both a monthly premium and a yearly deductible. The monthly premium amount may vary depending on your specific situation.

  3. Part C (Medicare Advantage)

    With Medicare Advantage, you will pay your regular Part B premium plus another premium to the private insurer of the plan you choose. The average premium cost for 2021 is $21. Your total costs will vary depending on whether the plan has deductibles, copayments, whether you follow rules like using network providers, and what type of services you need.

  4. Part D (Drugs)

    Prescription drug coverage, or Medicare Part D, is a relatively new feature of Medicare (Part D went into effect in 2006), but millions of seniors take advantage of the program to help lower their prescription drug costs.

  5. Medicare Supplement (Medigap)

    Your Medigap costs will vary depending on which plan you choose and where you live, among other factors, such as your age when you bought the plan, your current age, whether you smoke, and how many people are in the plan.

  6. Get Help with my Costs

    Depending on your level of income and assets, you may be eligible for financial assistance with Medicare costs. Your eligibility depends on your income, including money you receive from retirement benefits, stocks, bonds, etc.

  7. Learned enough? Time to find the best price on Medicare plans

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Medicare World Blog