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Costs of Medicare

Now that you’re able to get Medicare, you may be wondering what you will need to pay for. Not all plans carry the same costs, but you can expect to pay the same types of expenses.

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What Types of Expenses Can I Expect?

Medicare costs are divided into categories, each with its own purpose and when you pay them. These expenses include:

  • Premiums – Premiums are paid monthly to keep your policy active.
  • Deductibles – Deductibles are annual payments, with the exception being the deductible for Medicare Part A, which is paid per benefit period. Your coverage kicks in as soon as you cover this cost.
  • Coinsurance – Coinsurance is the part of the bill you pay.
  • Copayments – Copayments are what you pay for each visit.

What Will Medicare Cost?

Top Income Earners Will Pay More for Medicare Part B and Part D in 2024.

Official IRMAA 2024 Brackets​

2024 Medicare Costs

Want To Learn More? We Can Help

At Toni Buffington Medicare Solutions, we fight to get you the coverage you deserve. Not all plans are the same, and we can get you a plan that keeps those expenses to a minimum while giving you maximum coverage.