Medicare 2017 & 2018 costs at a glance
Tuesday, November 21st, 2017
Medicare.gov has release the following information regarding Medicare 2017 & 2018 costs at a glance.
| 2017 & 2018 costs at a glance | |
|---|---|
| Part A premium | Most people don’t pay a monthly premium for Part A (sometimes called “premium-free Part A”). If you buy Part A, you’ll pay up to $413 each month ($422 in 2018). If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $413 ($422 in 2018). If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $227 ($232 in 2018). |
| Part A hospital inpatient deductible and coinsurance | You pay:
|
| Part B premium | The standard Part B premium amount is $134 (or higher depending on your income) ($134 in 2018). However, some people who get Social Security benefits will pay less than this amount ($109 on average in 2017; $130 on average in 2018). |
| Part B deductible and coinsurance | $183 per year ($183 in 2018). After your deductible is met, you typically pay 20% of the Medicare-approved amount for most doctor services (including most doctor services while you’re a hospital inpatient), outpatient therapy, and durable medical equipment. |
| Part C premium | The Part C monthly premium varies by plan. Compare costs for specific Part C plans. |
| Part D premium | The Part D monthly premium varies by plan (higher-income consumers may pay more). Compare costs for specific Part D plans. |