How much does Medicare cost?
In addition to the monthly premiums you pay, there are other out-of-pocket costs for Medicare. These are the amounts you pay when you actually receive medical services, known as “deductibles” and “coinsurance.” For example, if you are hospitalized, you will be required to pay a deductible amount, and may have to pay coinsurance amounts, depending on how long you stay. If you receive medical services from a doctor, you pay a yearly deductible amount as well as a coinsurance amount for each visit. Click here to see the details of what Medicare covers. The monthly premiums, deductibles and coinsurance for Medicare change each year. You can find out the current amount of these Medicare charges by contacting your local Social Security office or calling Social Securitys toll-free number 1-800-772-1213.
