• Monthly Premium :
  
  Learn more about Part A costs.
  Most people don't pay a monthly premium for Part A (sometimes called "premium-free Part A").  If you buy Part A, you'll pay up to $505 each month in 2024. If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $505. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $278.

• Late enrollment penalty:
  • If you don't buy it when you're first eligible, your monthly premium may go up 10%. (You'll have to pay the higher premium for twice the number of years you could have had Part A, but didn't sign up.)

Part A costs if you have Original Medicare

• Home health care

  • $0 for home health care services.
  • 20% of the Medicare-approved amount for Durable medical equipment (DME) .

• Hospice care

  • $0 for Hospice care.
  • You may need to pay a Copayment of no more than $5 for each prescription drug and other similar products for pain relief and symptom control while you're at home. In the rare case your drug isn’t covered by the hospice benefit, your hospice provider should contact your Medicare drug plan to see if it's covered under Medicare prescription drug coverage (Part D)
  • You may need to pay 5% of the Medicare-approved amount for inpatient Respite care .
  • Medicare doesn't cover room and board when you get hospice care in your home or another facility where you live (like a nursing home).

• Hospital inpatient stay

  • $1,632 Deductible for each Benefit period .
  • Days 1–60: $0 Coinsurance for each benefit period.
  • Days 61–90: $408 coinsurance per day of each benefit period.
  • Days 91 and beyond: $816 coinsurance per each "lifetime reserve day" after day 90 for each benefit period (up to 60 days over your lifetime).
  • Beyond Lifetime reserve days : all costs.

  Note

  You pay for private-duty nursing, a television, or a phone in your room. You pay for a private room unless it's medically necessary.

• What will I pay if I get mental health services as an inpatient?
   
  • If you’re an inpatient at a general or psychiatric hospital, you also pay 20% of the Medicare-approved amount for mental health services you get from providers during your stay.

     

    If you’re getting services at a psychiatric hospital, remember that Part A only pays for up to 190 days of inpatient psychiatric care during your lifetime.

    Note

    There's no limit to the number of benefit periods you can have when you get mental health care in a general hospital. You can also have multiple benefit periods when you get care in a psychiatric hospital. Remember, there's a lifetime limit of 190 days.

• Skilled nursing facility stay

  • Days 1–20: $0 for each Benefit period .  
  • Days 21–100: $204 Coinsurance per day of each benefit period.
  • Days 101 and beyond: all costs.

• Monthly premium: 

The standard Part B premium amount in 2024 is $174.70. Most people 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.

• Late enrollment penalty: 
  • In most cases, if you don't sign up for Part B when you're first eligible, you'll have to pay a late enrollment penalty. You'll have to pay this penalty for as long as you have Part B. Your monthly premium for Part B may go up 10% of the standard premium for each full 12-month period that you could have had Part B, but didn't sign up for it. Also, you may have to wait until the General Enrollment Period (from January 1 to March 31) to enroll in Part B. Coverage will start July 1 of that year.

Learn more about the Part B late enrollment penalty.

Part B costs if you have Original Medicare

• Part B annual deductible:

  In 2024, you pay $240 for your Part B Deductible. After you meet your deductible for the year, you typically pay 20% of the Medicare-approved amount for these:

  • Most doctor services (including most doctor services while you're a hospital inpatient)
  • Outpatient therapy
  • Durable medical equipment (DME)
• Clinical laboratory services:  You pay $0 for Medicare-approved services