How Much Will Medicare Cost?
Medicare costs don’t have to be a mystery. Here’s what you need to know to plan ahead and make the most of your coverage.
Medicare Part A – Hospital Coverage
For most people, Medicare Part A is premium-free, thanks to years of contributions through Medicare payroll taxes. This means your hospital coverage is already taken care of, with no monthly premium in most cases.
Medicare Part B:
Medical Coverage
Medicare Part B covers your outpatient and medical services. In 2024, the standard premium is $174.70 per month for most people. For those with higher incomes, monthly premiums range up to about $600. But don't worry – we're here to help if your income changes.
Income-Based Adjustments & Appeals
Social Security determines Part B premiums based on your income from two years prior. For example, if you join in 2024, they’ll look at your 2022 income. If you’re experiencing a drop in income, especially after retirement, we can assist with an appeals process to potentially lower your premium.
Together, Let’s Make Medicare Simple
Medicare doesn’t have to be stressful - we’re here to help answer questions and guide you through every step. Let’s make Medicare carefree for you.