2024 Medicare Costs

Medicare Part A
(Hospital Insurance) Costs

Part A Monthly Premium

Most people don’t pay a Part A premium because they paid Medicare taxes while working. If you don’t get premium-free Part A, you pay up to $505 each month. If you don’t buy Part A when you’re first eligible for Medicare (usually when you turn 65), you might pay a penalty.

Hospital Stay

You pay in 2024:

$1,632 deductible per benefit period
$0 for the first 60 days of each benefit period
$408 per day for days 61–90 of each benefit period
$816 per “lifetime reserve day” after day 90 of each benefit period (up to a maximum of 60 days over your lifetime)

Skilled Nursing Facility Stay

In 2024, you pay

$0 for the first 20 days of each benefit period
$204 per day for days 21-100 of each benefit period
All costs for each day after day 100 of the benefit period

Medicare Part B
(Medical Insurance) Costs

Part B Monthly Premium

Most people pay the standard Part B monthly premium amount ($174.70 in 2024). Social Security will tell you the exact amount you’ll pay for Part B in 2024.

You pay the standard premium amount if you:

Enroll in Part B for the first time in 2024.
Don’t get Social Security benefits.
Are directly billed for your Part B premiums.
Have Medicare and Medicaid, and Medicaid pays your premiums. (Your state will pay the standard premium amount of $164.90 in 2024.)

Medicare Part B (Medical Insurance) Costs (continued)

If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you’ll pay the standard Part B premium and an income-related monthly adjustment amount.

If you're in 1 of these 6 groups, here's what you'll pay:

If your yearly income in 2022 was

If you have questions about your Part B premium, call Social Security at 1‑800‑772‑1213. TTY users can call 1-800-325-0778. If you pay a late enrollment penalty, these amounts may be higher.

2024 Part B deductible—$240 before Original Medicare starts to pay.

Medicare Advantage Plans (Part C) and Medicare Drug Coverage (Part D) Premiums

Visit Medicare.gov/plan-compare to find and compare plan premiums. You can also call 1‑800‑MEDICARE (1-800-633-4227). TTY users can call 1‑877‑486‑2048.

Part D Monthly Premiums

The chart below shows your estimated drug plan monthly premium based on your income. If your income is above a certain limit, you’ll pay an income-related monthly adjustment amount in addition to your plan premium.

If your yearly income in 2022 was:

2024 Part D National Base Beneficiary Premium - $32.74

The national base beneficiary premium is used to estimate the Part D late enrollment penalty and the income-related monthly adjustment amounts listed in the table above. It can change each year. If you pay a late enrollment penalty, these amounts may be higher. See your Medicare & You handbook or visit Medicare.gov for more information.

For detailed cost information

Visit Medicare.gov to find more detailed Medicare cost information by service, and to see how Medicare calculates late enrollment penalties. Or call 1-800-MEDICARE (1-800-633-4227). TTY users can call 1-877-486-2048.

You have the right to get Medicare information in an accessible format, like large print, braille, or audio. You also have the right to file a complaint if you feel you’ve been discriminated against. Visit Medicare.gov/about-us/accessibility-nondiscrimination-notice, or call 1-800-MEDICARE (1-800-633-4227) for more information. TTY users can call 1-877-486-2048.

This product was produced at U.S taxpayer expense.

CMS Product No. 11579

Revised November 2022