2024
Medicare Part A (Hospital Insurance) Costs
Part A Monthly Premium
Most people don’t pay a Part A premium because they paid Medicare taxes while working. Those who paid FICA taxes for fewer than 40 quarters and certain persons under age 65 with disabilities must pay a monthly premium in order to voluntarily enroll in Medicare Part A. Individuals who paid FICA taxes for at least 30 quarters or were married to someone who paid FICA taxes for at least 30 quarters may buy into Part A at a reduced monthly premium rate, which is $278 in 2024. The full monthly premium for those who paid FICA taxes for less than 30 quarters is $505 in 2024.
Hospital Stay
In 2024, you pay
- $1,632 deductible per benefit period
- $0 for the first 60 days of each benefit period
- $408 per day for days 61–90 of each benefit period
- $816 per “lifetime reserve day” after day 90 of each benefit period (up to a maximum of 60 days over your lifetime)
Skilled Nursing Facility Stay
In 2024, you pay
- $0 for the first 20 days of each benefit period
- $204.00 per day for days 21–100 of each benefit period
- All costs for each day after day 100 of the benefit period
Medicare Part B (Medical Insurance) Costs
Part B Monthly Premium
The standard Part B premium amount in 2024 is $174.70 or higher depending on your income.
You pay the standard premium amount (or higher) if:
- You enroll in Part B for the first time in 2024
- You don’t get Social Security monthly retirement benefits
- You’re directly billed for your Part B
- You have Medicare and Medicaid, and Medicaid pays your premiums. (Your state will pay the standard premium amount of $174.70 in 2024)
- Your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount.
If you’re in 1 of these 5 groups, here’s what you’ll pay:
If your 2022 income was $X and your 2022 tax filing status is Y, here is how to determine your 2024 Part B Premium |
|||
Filing An Individual Tax Return |
Filing A Joint Tax Return |
Married Filing Separately |
In 2023 You’ll Pay |
| $103,000 or less | $206,000 or less | 103,000 or less | $174.70 |
| >$103K to $129K | >$206K to $258K | not applicable | $244.60 |
| >$129K to $161K | >$258K to $322K | not applicable | $349.40 |
| >$161K to $193K | >$322K to $386K | not applicable | $454.20 |
| $193K to $500K | $386K to $750K | >$103K to $397K | $559.00 |
If you have questions about your Part B premium, call Social Security at 1-800-772-1213. TTY users can call 1-800-325-0778. If you pay a late enrollment penalty, these amounts may be higher.
Part B Deductible—$240 per year
Medicare Advantage Plans (Part C) and Medicare Prescription Drug Plans (Part D) Premiums
Visit Medicare.gov/find-a-plan to get plan premiums. You can also call 1-800-MEDICARE (1-800-633-4227). TTY users can call 1-877-486-2048. You can also call the plan or your State Health Insurance Assistance Program (SHIP). To get the most up-to-date SHIP phone numbers, visit shiptacenter.org or call 1-800-MEDICARE.
Part D Monthly Premium
The chart below shows your estimated prescription drug plan monthly premium based on your income. If your income is above a certain limit, you will pay an income-related monthly adjustment amount in addition to your plan premium.
| If your yearly income in 2022 was: | |||
| File Individually | File Jointly | Married Filing Separately | In 2022 You’ll Pay: |
| $103,000 or less | $206,000 or less | $103,000 or less | Your plan premium |
| >$103K to $129K | >$206K to $258K | not applicable | $12.90 + your plan premium |
| >$129K to $161K | >$258K to $322K | not applicable | $33.30 + your plan premium |
| >$161K to $193K | >$322K to $386K | not applicable | $53.80 + your plan premium |
| >$193K to $500K | >$386K to $750K | >$103K to $397K | $74.20 + your plan premium |
2024 Part D National Base Beneficiary Premium — $55.50
This figure is used to estimate the Part D late enrollment penalty and the income-related monthly adjustment amounts listed in the table above. The national base beneficiary premium amount can change each year. See your Medicare & You handbook or visit Medicare.gov for more information.
For more information about Medicare costs, visit Medicare.gov.
CMS Product No. 11579 Revised December 2019