Connecticut Medicare & Health insurance Agent

Now Licensed in CT, ME, RI, NY and FL.

Medicare Premiums

with Deductibles and Cost-Sharing Amounts
2024 Costs

Part A (Hospital Insurance)

Medicare Premiums Beneficiary Pays for Part A Monthly Premium 

Most people do not pay a monthly Part A premium because they or a spouse has 40 or more quarters of Medicare-covered employment.

  • $505/month for those with fewer than 30 quarters of Medicare-covered employment
  • $278/month for those with 30-39 quarters of Medicare-covered employment
Beneficiary Pays for Skilled Nursing Facility Stay 
  • $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
Beneficiary Pays for Hospital Stay
  • $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)
2024 Costs

Part B (Medical Insurance)

Medicare Premiums Beneficiary Pays for Part B Monthly Premium 

Most people pay the standard Part B premium amount which is $174.70 in 2024

  • If your income was more than $91,000 ($182,000 filing joint) you’ll pay $244.60
  • If your income was more than $114,000 ($228,000 filing joint) you’ll pay $349.40
  • If your income was more than $142,000 ($284,000 filing joint) you’ll pay $454.20
  • If your income was more than $170,000 ($340,000 filing joint) you’ll pay $559
  • If your income was more than $500,000 ($750,000 filing joint) you’ll pay $594
Beneficiary Pays for Part B Services 
  • $240.00 deductible per benefit period
  • 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, outpatient mental health services, certain home health services, and durable medical equipment

The above information on Medicare Premiums was obtained from Medicare.gov.