One of the biggest questions people have about Medicare is: how much does it cost? While some parts of Medicare are premium-free, others have monthly premiums, deductibles, and coinsurance. Here’s a breakdown of what you can expect to pay in 2025 and tips to plan for your healthcare expenses in retirement.
What You Pay for Medicare
Part A: Hospital Insurance
For most people, Part A is free if you’ve worked and paid Medicare taxes for at least 10 years. If not, you could pay up to $505/month in 2025. Part A also has a $1,632 deductible per benefit period, plus coinsurance for longer hospital stays.
Part B: Medical Insurance
Part B covers doctor visits and outpatient care. In 2025, the standard premium is $178.80/month, though higher-income earners pay more. There’s also an annual deductible of $240 and 20% coinsurance for most services.
Part D: Prescription Drug Coverage
Premiums for Part D vary by plan, averaging around $35–$45/month. Plans also have varying deductibles and copays.
Medicare Advantage and Medigap
Medicare Advantage plans often have lower premiums, but costs depend on the plan and out-of-pocket limits. Medigap policies (to cover gaps in Original Medicare) also vary widely by provider, plan type, and your age/location.
Why Planning Matters
Medicare can still leave you with significant out-of-pocket expenses. Budgeting ahead for premiums, deductibles, and services not covered — like dental, vision, or hearing — is key.
How to Get Personalized Cost Estimates
Your best first step is to speak directly with a licensed agent at MedicareFor65.com. Press the phone icon on our website to receive a call within 60 seconds or schedule an appointment at https://medicarefor65.com/calendar for a customized cost estimate based on your situation. You can also use Medicare.gov calculators or call 1-800-MEDICARE, but our agents will walk you through your options and help you find ways to save.
Final Thoughts
Understanding your Medicare costs upfront helps you avoid surprises and make the best choices for your health and budget. Reach out to us today to get a clear picture of your Medicare expenses.
