Part A (Hospital Insurance)
- Premium:
- Free if you’ve worked 10 years or more
- $278 per month if you’ve worked 7.5 to 10 years
- $505 per month if you’ve worked fewer than 7.5 years
- Deductible:
- $1,632 each benefit period
- Coinsurance:
- $0 for the first 60 days of inpatient care each benefit period
- $408 per day for days 61-90 each benefit period
- $816 per lifetime reserve day after day 90 in a benefit period (You have 60 lifetime reserve days that can only be used once. They’re not renewable.)
- Skilled Nursing Facility:
- $0 for the first 20 days of inpatient care each benefit period $204 per day for days 21-100 each benefit period
Part B (Medical Insurance)
- Premium: $174.70 is the standard premium
- Deductible: $240 per year
- Coinsurance: 20% for most services Part B covers
Part D (Prescription Drug Insurance)
- National Average Part D Premium: $32.74/month
- Maximum Deductible: $545 per year
- Coverage Gap Begins: $5,030 (you and your plan together)
- Catastrophic Coverage Begins: $8,000 (your costs, including brand coverage gap discounts)
- Costs after catastrophic limit: $0
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