Make Sense of Medicare Costs

Medicare covers a wide range of medical services. But Medicare is not free – it does not cover everything.

Anyone with Medicare will pay for a portion of their expenses, but what is paid will depend on the type of coverage enrolled in – Parts A & B (Original Medicare), Part C (a private Medicare Advantage plan), a Part D prescription drug plan and/or Medigap (supplemental coverage).

An infographic with three sections stacked  that explains the cost of Medicare premiums (top), deductibles (middle), and copayments (bottom).

Related Content

Original Medicare (Parts A & B) Costs
For most people, there is no premium for Medicare Part A, but there are out-of-pocket cost for Medicare Part B including premiums, deductibles, and coinsurance
Medicare Part C Costs
The 2020 average monthly premium for an MA plan is $36 but can vary from $0 to over $270. Medicare Parts A & B enrollment is a requirement before joining.
How to Reduce Prescription Drug Costs
There are several other programs that can help reduce prescription costs. Save money on Medicare by comparing plans and using these tips .