$
Money
Costs
Premiums, deductibles, copays — plain-English breakdown.
Medicare has premiums, deductibles, copays, and coinsurance. What you pay depends on the parts you have, your income, and whether you add Medigap or choose Medicare Advantage.
Key points
- Part A: usually no premium; has a per-hospital-stay deductible.
- Part B: monthly premium plus annual deductible, then generally 20% of costs.
- Part D and Advantage: premiums vary by plan.
- Higher-income enrollees pay IRMAA surcharges on Part B and D.
Common questions
Next steps
Related topics
Educational only. This information is not personalized advice. For your specific situation, verify at Medicare.gov or speak with a licensed Medicare professional.