MEDICARE PLANNING

4  Parts-of-Medicare
Your Medicare Costs

The standard Part B premium amount in 2022 is $170.10. 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.

2022 Medicare Costs
cost for Medicare 2
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 2022 Medicare plan
You can shop here for drug plans (Part D) and Medicare Advantage Plans.
See your 2022 plan options now by logging in or creating an account.

Medicare Part A

Part A

Inpatient care in a hospital

Skilled nursing facility care

Inpatient care in a skilled nursing facility (not custodial or long-term care)

Hospice care

Home health care

Medicare Coverage is based on 3 main factors. Federal and state laws.
  1. National coverage decisions made by Medicare about whether something is covered.

  2. 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.

Medicare Part B

Part B

Part B deductible & coinsurance In 2022, you pay $233 for your Part B deductible. After you meet your deductible for the year, you typically pay 20% of the Medicare-approved amount for these:

  • Medically necessary services: Services or supplies that are needed to diagnose or treat your medical condition and that meet accepted standards of medical practice.

  • Preventive services: Health care to prevent illness (like the flu) or detect it at an early stage, when treatment is most likely to work best.

Part B covers things like:
  • Clinical research

  • Ambulance services

  • Durable medical equipment (DME)

  • Mental health

  • Inpatient

  • Outpatient

  • Partial hospitalization


  • Getting a second opinion before surgery

  • Limited outpatient prescription drugs

Medicare Advantage

Part C

Medicare Advantage is an “all in one” alternative to Original Medicare. These “bundled” plans include Part A, Part B, and usually Part D. ​ Description - Medicare Advantage

Medicare & You

A Medicare Advantage Plan (like an HMO or PPO) is another way to get your Medicare 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 your Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) coverage from the Medicare Advantage Plan, not Original Medicare. In most cases, you’ll need to use health care providers who participate in the plan’s network. Some plans offer out-of network coverage. Remember, in most cases, you must use the card from your Medicare Advantage Plan to get your Medicare-covered services. Keep your Medicare card in a safe place because you’ll need it if you ever switch back to Original Medicare.