The full cost of Medicare is dependent on several factors, which means that each Medicare beneficiary can pay different amounts. Medicare costs generally increase each year.
Original Medicare Costs in 2023
Medicare beneficiaries enjoy 80% coverage on approved services after they have met their Part A and Part B deductibles. In 2023, the Part A deductible is $1600 and the Part B deductible is $226. We’ll discuss the monthly premiums for each in the next few sections.