Medicare Questions Answered
How much will Medicare cost?
Medicare costs vary from person to person. Part A is typically premium-free if you or your spouse paid Medicare taxes long enough while working. Part B has a standard monthly premium set each year. Additional costs depend on the plan you choose, your prescriptions, and the services you use.
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Key things to know
- Part A is usually premium-free based on your (or your spouse's) work history.
- Part B has a standard monthly premium that's set each year by Medicare.
- Advantage, Supplement, and Part D plans each have their own premiums and cost-sharing.
Important factors to consider
- Higher-income households may pay an income-related adjustment on Part B and Part D.
- Your total cost depends on doctor visits, medications, and the services you use.
- We can walk through a realistic cost estimate based on your situation.
Every person's situation is different — your individual circumstances may vary. This information is educational only and is not legal, tax, or medical advice.
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