THE DIFFERENT PARTS OF MEDICARE
The FOUR Parts of Medicare
Part A
$0 Premium if you or your spouse paid Medicare taxes long enough while working - generally at least 10 years, or 40 quarters.
Inpatient/Hospital-
You pay: $1632 Deductible Days 1-60
Days 61-90: $408 per Day
Days 91-150: $816 per Day
After day 150: You pay all costs.​
Inpatient Rehab/Skilled Nursing-
Days 1-20: $0
21-100: $204 per Day
Days 101 and beyond: You pay all costs.
Part C
$0-$150 per month Premium Options
Medicare Advantage All In One HMO, PPO, PFFS
Forfeit Rights to Medicare
Networks
Max Out of Pocket from $2900-$8,850 (varies as it depends on the plan)
Most plans have Drug coverage
Some plans have gym options, dental, vision and other products.
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*We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.
Part B
$174.70 per month Premium
Outpatient/Does Not require overnight stay
You pay: $240 Deductible per year
Medicare pays: 80% of costs
You pay: 20% of costs
No Networks
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Part D
*$0.50-$150 per month Premium
a/k/a Prescription Drug Coverage
$545 yearly Deductible (may be waived for some medications)
Pharmacy options:
Preferred & Standard (in & out of network)
Initial Phase: $5030
Coverage Gap/Donut Hole: $8000
You pay: 25%
**Catastrophic: Great News, as of 2024 there will no longer be Catastrophic Coverage. Once you leave the donut hole, or coverage gap, you will owe nothing for your medications the rest of 2024.
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Plan G will cover all of Part A & Part B except for the Part B Deductible. You may have A, B, D & a Supplement OR A, B & C.
*Some pay more based on income (IRMAA) click HERE for more.
**Catastrophic goes away in 2024.
TRADITIONAL MEDICARE
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