Medicare premiums and deductibles in 2025 (Part A and B)
The Medicare Part A and Part B monthly premiums for 2025 are not released yet as of October 15, 2024. We will update this post as soon as they become available. In past years, these announcements were made sometime in October or November, so please bookmark this post and check back soon.
The Medicare insurance premiums, deductibles, and coinsurance rates for 2024 are:
Medicare Part A: Hospital insurance premium 2024
- 99% of Medicare beneficiaries do not pay a monthly Medicare Part A premium since they or their husband or wife have had sufficient Medicare-covered employment (at least 40 quarters of Medicare-covered employment)
- For those that are not eligible for premium-free hospital insurance, the Part A premium is either $278 or $505 per month (depending on how long you or your spouse paid Medicare taxes, for details see CMS)
Medicare Part B: Medical insurance premium 2024
The standard Part B premium for 2024 is $174.70 for beneficiaries who already have the Social Security Administration (SSA), withhold their Part B premium and have income of up to $97,000 (up to $194,000 for joint filers).
Medicare deductible and coinsurance rates 2024
Part A Deductible and Co-Insurance: (inpatient hospital, skilled nursing facility, and some home health care) For each benefit period Medicare pays all covered costs except the Medicare Part A deductible during the first 60 days and coinsurance amounts for hospital stays that last beyond 60 days and no more than 150 days.
For each benefit period you will have a deductible of $1,632, and you pay in 2024:
- $0 per day for a hospital stay of 1-60 days
- $408 per day for days 61-90 of a hospital stay
- $816 per day for days 91-150 of a hospital stay (Lifetime Reserve Days)
- All costs for each day beyond 150 days
Part B deductible 2024: (Medicare eligible physician services, outpatient hospital services, certain home health services, durable medical equipment)
- $240 per year (Note: You pay 20% of the Medicare-approved amount for services after you meet the deductible.)
Read more on the official Medicare.gov website.
