Original Medicare (Medicare Part A and Part B) is a federal health insurance program for people age 65 and older and younger people with certain disabilities. Although Original Medicare covers a wide range of hospital and medical costs, it leaves some costs to beneficiaries.
Listed below are the 2019 Medicare costs, including Medicare Part A and Part B deductibles, copayments and coinsurance.1
Part A Premium
Most people do not pay a premium for Medicare Part A, as long as they paid sufficient Medicare taxes while working. If you must pay a Part A premium, you could pay anywhere from $240 to $437 per month in 2019 (depending on how many quarters you worked and paid Medicare taxes).
Part A Deductible
In 2019, the Medicare Part A deductible is $1,364 per benefit period, which increased from $1,340 in 2018.
Part A Coinsurance
You do not typically pay a coinsurance for the first 60 days of each benefit period for an inpatient hospital stay. After day 60, the coinsurance amounts are as follows:
- $341 per day for Days 61-90
- $682 per day for day 91 and beyond
Part B Premium
The standard 2019 Part B premium is $135.50, which increased from $134 in 2018.
It’s important to keep in mind that some people in higher income brackets may have to pay more for their Part B premiums.
Part B Deductible
In 2019, the Medicare Part B deductible is $185 per year, which increased from $183 per year in 2018.
1 All cost data according to Medicare.gov, “2019 Costs at a Glance,” accessed November 5, 2018