What are Medicare premiums?


Quick Answer

Individuals pay Medicare premiums to participate in the Medicare program based on several factors, according to WebMD. For example, Medicare Part A hospital coverage is free for recipients and their spouses who paid Medicare taxes for at least 10 years or up to $441 monthly for those who did not.

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Full Answer

Medicare Part B, which covers visits to the doctor and tests, among other services, costs $104.90 monthly for most recipients as of 2015, notes WebMD. However, recipients with incomes greater than $85,000 annually may pay as much as $335.70 per month. Premiums for Medicare Part D, which is prescription drug coverage, vary by the plan chosen.

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