Finding Medicare rates is not that simple. The amount you'll spend can vary depending
on the type of coverage you have, your income and assets, and many other factors.
For most people Medicare Part A is free. Most people do not have to pay any Medicare
rates. That's because they or their spouses were paying Medicare taxes while they
You might have pay Medicare rates for Medicare Part A if you were self-employed or
didn't work during much when you were younger. If you or your spouse paid Medicare
taxes for less than 10 years total, you will have to pay a monthly fee for Part A
Part B isn't free. You have to pay Medicare rates monthly premium, which is usually
taken right out of your Social Security check. Part B is optional. If you don't want
it, because you have other coverage through an employer, for instance, you don't
have to pay for it. But you have to ask to opt out. If not, the Medicare premium
is subtracted from your Social Security check automatically.
Medicare Advantage is health plan sold by insurance companies but overseen by Medicare.
They are alternatives to Original Medicare, and usually offer more services than
Original Medicare at a higher price. To qualify for Medicare Advantage, you need
to have Medicare Parts A and B. So that means that you'll at least need to pay Medicare
rates of the Part B monthly premium. On top of that fee, you may need to pay Medicare
rates monthly premium for the Medicare Advantage plan itself. The prices vary a great
deal depending on the plan you've chosen. Some may have further charges, like deductibles
and premiums for additional coverage for things like prescription drugs.
With Part D, you must pay a monthly premium and annual deductible to get prescription
drug coverage from Medicare. Since there are many different plans, the Medicare rates
can vary widely.
Therefore, in most plans, you'll have Medicare rates for a monthly premium. 1.) The
fee varies by plan and region, although the average is estimated to be $38. 2.) A
yearly deductible. The standard is $320, although it varies depending on your plan.
After you have paid the deductible out of your own pocket, your Medicare prescription
drug plan kicks in. 3.) Part of the cost of your medications. Again, the amount depends
on the plan you've chosen, so, choose wisely.