How much does Medicare cost?
Part A is no-cost for most people. It depends on how many quarters you or your spouse worked in your lifetime.
I worked or my spouse worked for at least 40 quarters in our lifetime.
You will most likely qualify for premium-free Part A.
I worked or my spouse worked for 30-39 quarters in our lifetime.
You will most likely pay $278 a month for Part A.
Neither my spouse nor I worked for at least 30 quarters in our lifetime.
You will most likely pay $506 a month for Part A.
In 2023, the standard Part B monthly premium is $164.90. For some people it’s more, for some people it’s less.
What you pay is based on your annual income. Which income range sounds like you?
Individuals: $20,120 or less Couples: $27,214 or less
You may qualify for medical assistance that can help pay your Part B premium.
Individuals: Between $20,121-$97,000 Couples: Between $27,215-$194,000
You will most likely pay the standard Part B premium of $164.90 per month. You will most likely incur an "income-related adjustment amount," which increases your monthly Part B premium.
Individuals: Above $97,000 Couples: Above $194,000
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