It is important to understand the basics of Medicare costs. Most people pay no premium for Original Medicare Part A. The costs are dependent on how many quarters you have worked.
The premium for Original Medicare Part B depends on your income. For both Part A and Part B, there are also deductibles and coinsurance. You may also qualify for help paying for Medicare costs.
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.
2022 Medicare Part A Premium 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/month|
|Premium if you have fewer than 30 working quarters||$499/month|
|Inpatient hospital daily coinsurance for days 61 to 90||$389/day|
|Inpatient hospital daily coinsurance for 60 lifetime reserve days||$778/day|
|Skilled nursing facility (SNF) daily coinsurance for days 21 to 100||$185.50/day|
How much is Medicare Part B premium?
The cost for Part B depends on your income. Most people will pay the standard premium. If your modified adjusted gross income is above a certain amount, you may pay an Income Related Monthly Adjustment – IRMAA.
2022 Medicare Part B Premium Costs:
|Medicare Part B costs in 2022|
|Premium||$170.10 in 2022|
|Annual Deductible||$233 in 2022|
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