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The Upfront Costs of Medicare

Previously, we’ve talked about the different kinds of costs you will have under the Medicare program (“Understanding Your Medicare Costs” blog), remember that Medicare health insurance is not free. Generally, you must pay for all of the care that you receive. This is the case whether you have coverage through Original Medicare Parts A & B or a Medicare Advantage Plan.)

Now we’ll take some time to understand the actual, upfront expenses of Medicare health insurance. There are 4 parts to Medicare–each comes with its own cost. Below is a chart that shows the basic costs of health insurance for Medicare in 2020 (courtesy of Medicare.gov).

 

SPEAKER
Stevaughn Bush

Medicare Consultant

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