There are costs associated with having Medicare health coverage, and they’re ever-changing. Each year, the Centers for Medicare & Medicaid Services (CMS) announces the updated costs, and for the most part, they do change each year.
- Medicare Part A Costs
- Medicare Part B Costs
- Medicare Part C Costs
- Medicare Part D Costs
- Medicare Medical Savings Account (MSA) Cost
- Medicare Supplement (Medigap) Cost
- Find Out What Medicare Will Cost You
Medicare Part A Costs
For most people, Medicare Part A is $0 premium. If you’ve worked at least 40 quarters and paid Medicare taxes, you pay nothing to have the Part A hospital insurance.
For those who do have to pay for Part A, the 2025 premium is between $285-$518.
If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $518 in 2025. Individuals who had at least 30 quarters of coverage or were married to someone with at least 30 quarters of coverage may buy into Part A at a reduced monthly premium rate, which is $285 in 2025.
Medicare Part A also has a deductible as well as coinsurance:
- $1,676 deductible
- Days 1-60: $0 coinsurance for each benefit period
- Days 61-90: $419 coinsurance per day of each benefit period
- Days 91 and beyond: $838 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
Medicare Part B Costs
Medicare Part B does have a premium that tends to increase a little bit every year. In 2025, the Part B premium is $185 per month.
FUN FACT: In 1966, the Medicare Part B premium was $3.
If you have a high income, your monthly premium will be more.
The 2025 Part B deductible is $257.
Once you meet your deductible, you’re responsible for about 20% of all charges. If you have a Medicare Supplement, that coverage gap will be filled and you’d responsible for much less.
Medicare Part C Costs
The costs associated with Medicare Part C, or Medicare Advantage (MA), vary wildly depending on your zip code and which particular plan you’re looking at.
Some of the available MA plans also come with drug coverage, but the amount you'd owe is highly dependent on which drugs you take and which pharmacy you use.
Note that even if you have a Medicare Advantage plan, you still must pay the Medicare Part B premium.
Medicare Part D Costs
Medicare Part D also varies depending on which drugs you take, which pharmacy you go to, and which particular plan you’re looking at.
Give us a call and a licensed insurance agent can assist with a price comparison.
Medicare Supplement (Medigap) Cost
Medicare covers around 80% of your medical bills, which is why we recommend a Medicare Supplement. A supplement picks up the coverage gaps that Medicare leaves behind.
The monthly premium for a Medicare Supplement will depend on which plan you choose, your age, your gender, your zip code, and your tobacco usage.
The only way to find out what a Medicare Supplement would cost you is to request a quote. This is completely free and there is no obligation to buy.
Find Out What Medicare Will Cost You
Reading all of the prices and all of the different plan options can leave you just plain confused. We created a Medicare Cost Calculator for you if you’d like to plug in your own numbers, but it’s much easier to just call our team. We will help you choose the plan that’s right for you based on your budget and risk profile.
No more guessing – find out exactly how much Medicare will cost you today.
Want to speak to a local, licensed agent? Call us at 217-423-8000 today!
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