What are the Medicare premiums and coinsurance rates?

View a summary of Medicare premium, deductible, and coinsurance rates that are in effect in 2021.

Below is a summary of basic costs for people with Medicare.

Part A: (Hospital Insurance) Premium 

Most people don't pay a monthly premium for Part A (sometimes called "premium-free Part A"). If you don't qualify for premium-free Part A, you can buy Part A. If you buy Part A, you will pay either $259 or $471 each month in 2021.

How much does Part A cost?

Part B: (Medical Insurance) Premium 

The standard Part B premium amount is $148.50 (or higher depending on your income) in 2021.You pay $203.00 per year for your Part B deductible in 2021. After your deductible is met, you typically pay 20% of the In Original Medicare, this is the amount a doctor or supplier that accepts assignment can be paid. It may be less than the actual amount a doctor or supplier charges. Medicare pays part of this amount and you’re responsible for the difference.

Medicare-approved amount for most doctor services (including most doctor services while you're a hospital inpatient), outpatient therapy, and Certain medical equipment, like a walker, wheelchair, or hospital bed, that's ordered by your doctor for use in the home.">durable medical equipment.

How much does Part B cost?

If you have limited income and resources, your state may help you pay for Part A and/or Part B.

Part D: Costs for Medicare Drug Coverage

You'll make these payments throughout the year in a Medicare drug plan:

• Monthly premium - The Part D monthly premium varies by plan (higher-income consumers may pay more).
• Yearly deductible - Deductibles vary between Medicare drug plans. No Medicare drug plan may have a deductible more than $445 in 2021. Some Medicare drug plans don't have a deductible.
• Copayments or coinsurance
• Costs in the coverage gap
• Costs if you get Extra Help
• Costs if you pay a late enrollment penalty

Your actual drug plan costs will vary depending on:

• The drugs you use
• The plan you choose
• Which pharmacy you use
• Whether the drugs you use are on your plan's formulary
• Whether you get extra help paying your Medicare Part D costs

Read more about costs for Medicare drug coverage.