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2023 Medicare Costs

Medicare Part A
(Hospital Insurance) Costs
 

Part A Monthly Premium

Most people don’t pay a Part A premium because they paid Medicare taxes while working. If you don’t get premium-free Part A, you pay up to $506 each month. If you don’t buy Part A when you’re first eligible for Medicare (usually when you turn 65), you might pay a penalty.

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Hospital Stay

You pay in 2023:

  • $1,600 deductible per benefit period

  • $0 for the first 60 days of each benefit period

  • $400 per day for days 61–90 of each benefit period

  • $800 per “lifetime reserve day” after day 90 of each benefit period (up to a maximum of 60 days over your lifetime)

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​Skilled Nursing Facility Stay

In 2023, you pay

  • $0 for the first 20 days of each benefit period

  • $200 per day for days 21-100 of each benefit period

  • All costs for each day after day 100 of the benefit period

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Medicare Part B
(Medical Insurance) Costs
 

Part B Monthly Premium

Most people pay the standard Part B monthly premium amount ($164.90 in 2023). Social Security will tell you the exact amount you’ll pay for Part B in 2023.

 

You pay the standard premium amount if you:

  • Enroll in Part B for the first time in 2023.

  • Don’t get Social Security benefits.

  • Are directly billed for your Part B premiums.

  • Have Medicare and Medicaid, and Medicaid pays your premiums. (Your state will pay the standard premium amount of $164.90 in 2023.)

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Medicare Part B (Medical Insurance) Costs (continued)

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 Part B premium and an income-related monthly adjustment amount..

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If you're in 1 of these 6 groups, here's what you'll pay:

If your yearly income in 2021 was:

If you have questions about your Part B premium, call Social Security at 1-800-772-1213. TTY users can call 1-800-325-0778. If you pay a late enrollment penalty, these amounts may be higher.

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2023 Part B deductible—$226 before Original Medicare starts to pay.
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Medicare Advantage Plans (Part C) and Medicare Drug Coverage (Part D) Premiums

Visit Medicare.gov/plan-compare to find and compare plan premiums. You can also call 1-800-MEDICARE (1-800-633-4227). TTY users can call 1-877-486-2048.

Part D Monthly Premium

The chart below shows your estimated drug plan monthly premium based on your income. If your income is above a certain limit, you’ll pay an income-related monthly adjustment amount in addition to your plan premium.

If your yearly income in 2021 was:

2023 Part D National Base Beneficiary Premium - $32.74

The national base beneficiary premium is used to estimate the Part D late enrollment penalty and the income-related monthly adjustment amounts listed in the table above. It can change each year. If you pay a late enrollment penalty, these amounts may be higher. See your Medicare & You handbook or visit Medicare.gov for more information.

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For detailed cost information 

Visit Medicare.gov to find more detailed Medicare cost information by service, and to see how Medicare calculates late enrollment penalties. Or call 1-800-MEDICARE (1-800-633-4227). TTY users can call 1-877-486-2048.

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You have the right to get Medicare information in an accessible format, like large print, braille, or audio. You also have the right to file a complaint if you feel you’ve been discriminated against. Visit Medicare.gov/about-us/accessibility-nondiscrimination-notice, or call 1-800-MEDICARE (1-800-633-4227) for more information. TTY users can call 1-877-486-2048.

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This product was produced at U.S taxpayer expense.

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CMS Product No. 11579

Revised November 2022

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