The costs associated with Medicare will vary from person to person. 

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. Hospital stay In 2023, you pay: ■ $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)

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

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.)