Medicare cost for 2024? Once again, as in previous years, this is one of the biggest questions that Medicare beneficiaries ask us.
Each year your basic costs change due to increases in Part B premium, deductibles, and co-insurance. To see the current Medicare cost for 2024 please refer to the image below. Have questions? Call us today at (800)924-4727.
Keep in mind that if you worked 40 quarters during your lifetime, you will not be charged the Part A premium. During your working years, the Part A premium was funded thru your Medicare taxes paid each pay period. The deductible for Part A increased from $1600 in 2023 to $1632 in 2024. The daily co-insurance for days 61-90 increased from $400 per day in 2023 to $408 per day in 2024. In addition, the lifetime reserve days which run from days 91-150 rose from $800 per day in 2023 to $816 per day in 2024. The co-payment for skilled nursing facility increased from $200 per day from days 20-100 to $204 per day in 2024.
The standard Medicare Part B premium rose from $164.90 per month in. 2023 to is now $174.70 per month in 2024.
The increases from from 2023 to 2024 are located here .
Wondering if you are paying to much for your current Medicare Supplement plan? Get a FREE, NO OBLIGATION quote by clicking here.