Your Medicare Costs
The standard Part B premium amount in 2023 is $164.90. Most people will pay the standard Part B premium amount.
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 premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium.
There are 2 main ways to get your Medicare coverage
Original Medicare and Medicare Advantage.
Original Medicare includes Hospital (Part A) and Medical (Part B) insurance. If you want drug coverage, you can add a separate drug plan (Part D).
You can also add a Medicare Supplement Insurance (Medigap) policy to help pay your out-of-pocket costs.
A Medicare Advantage Plan is an all-in-one alternative to Original Medicare. These "bundled" plans include Part A, Part B, and usually Part D.
Most plans offer extra benefits— like vision, hearing, dental, and more.
Choose the Medicare coverage option you want to explore first. Don't worry, you can review both. Just start with either one.
How do Medicare Advantage Plans work?
A Medicare Advantage is another way to get your Medicare Part A and Part B coverage. Medicare Advantage Plans, sometimes called "Part C" or "MA Plans," are offered by Medicare-approved private companies that must follow rules set by Medicare.
If you join a Medicare Advantage Plan, you'll still have Medicare but you'll get most of your Part A and Part B coverage from your Medicare Advantage Plan, not Original Medicare.
These "bundled" plans include
Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance), and usually Medicare drug coverage (Part D).
Find a 2023 Medicare plan
You can shop here for drug plans (Part D) and Medicare Advantage Plans.
See your 2023 plan options now by logging in or creating an account.
Medicare Part A
Inpatient care in a skilled nursing facility (not custodial or long-term care)
Medicare Coverage is based on 3 main factors. Federal and state laws.
National coverage decisions made by Medicare about whether something is covered.
Local coverage decisions made by companies in each state that process claims for Medicare. These companies decide whether something is medically necessary and should be covered in their area.