Part A Premium: Medicare Part A covers inpatient hospital services, skilled nursing facility services, home health care, and hospice. The Part A premium may be different depending on your work history.
Most people do not pay a premium for Part A. If you or your spouse has worked more than 10 years, you will generally not have to pay a Part A premium.
The cost for Part A premium is dependent on how many quarters you have worked. If you did not work over 40 quarters, you might be eligible under your spouse.
Part A Costs:
| Medicare Part A costs in 2022 | |
| Premium if you have worked over 40 quarters | $0 |
| Premium if you have between 30 and 39 working quarters | $274 in 2022 |
| Premium if you have fewer than 30 working quarters | $499 in 2022 |
| Deductible | $1,556 /benefit period |
| Inpatient hospital daily coinsurance for days 61 to 90 | $389/day |
| Inpatient hospital daily coinsurance for 60 lifetime reserve days | $778/day |
Part B Premium:
The Part B base premium inMedicare Part B Deductible: $233 in 2022. Keep in mind, $170.10 is the standard premium for people with a yearly income equal to or below $88,000 for an individual ($176,000 for a married couple). If your income is higher than that, you may have to pay an income-related monthly adjustment amount, also known as IRMAA.
Part B Deductible and Coinsurance:
If you have Original Medicare, you will pay a Part B deductible of Medicare Part B Deductible: $233 in 2022. You will continue to pay a 20% coinsurance for services covered by Part B. The amount you pay for Medicare Advantage Plan deductibles, copayments, and/or coinsurances varies by plan.
Learn More: Medicare Advantage Plans: Example of Costs for Deductible, Copays, Coinsurance and more.
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