What Does Medicare Cost Per Year?
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One response to “What Does Medicare Cost Per Year?”
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The 2 basic parts of Medicare are part A and part B. If you work 40 quarters (10yrs)part A is paid for, if you have to pay for part A it would cost $441 a month while Part B costs $104.90 a month and a $147 yearly deductible.
Part A is the hospitalization portion and it pays 80% and you are responsible for 20%.
Part B is the outpatient portion ( Dr. Visits)
The minimum yearly cost would be $1,259 a year and part B premium goes up if you make over $85,000 a year individual $170,000 jointly.
This is a simplified explanation but should give you a solid foundation.
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