Listed below are basic costs for people with Medicare. If you want to see and compare costs for specific health care plans. For specific cost information (like whether you've met your deductible, how much you'll pay for an item or service you got, or the status of a claim), visit My Medicare.gov. 

PART A PREMIUM

Most people don't pay a monthly premium for Part A (sometimes called "premium-free Part "). If you buy Part A, you'll pay up to $515 each month in 2023. If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $458. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $252.
Part A hospital inpatient deductible and coinsurance You pay:

• $1,556 deductible for each benefit period.  A Part A Benefit Period consists of 90-Days in length.  If you have Original Medicare or a Medicare Advantage plan you can expect to pay this.  However, this deductible is covered by most Medicare Supplement plans.
• Days 1-60: $0 coinsurance for each benefit period
• Days 61-90: $371 coinsurance per day of each benefit period
• Days 91 and beyond: $742 coinsurance per each "lifetime reserve day" after day 90 for each benefit period (up to 60 days over your lifetime)
• Beyond lifetime reserve days: all costs
• Late enrollment penalty:
  • If you don't buy it when you're first eligible, your monthly premium may go up 10%. (You'll have to pay the higher premium for twice the number of years you could have had Part A, but didn't sign up.)

Part A Costs If You Have Original Medicare
Note: All Medicare Advantage Plans must cover these services. If you're in a Medicare Advantage Plan, costs vary by plan and may be either higher or lower than those in Original Medicare. Review the "Evidence of Coverage" from your plan.

• Home Health Care 
  • $0 for home health care services.
  • 20% of the Medicare approved amount for Durable Medical Equipment (DME).

• Hospice Care 
  • $0 for hospice care.
  • You may need to pay a co-payment of no more than $5 for each prescription drug and other similar products for pain relief and symptom control while you're at home. In the rare case your drug isn’t covered by the hospice benefit, your hospice provider should contact your Medicare drug plan to see if it's covered under your Part D (Medicare Prescription Drug Coverage).
  • You may need to pay 5% of the Medicare approved amount for inpatient respite care.
  • Medicare doesn't cover room and board when you get hospice care in your home or another facility where you live (like a nursing home).

• Hospital Inpatient Stay 
  • $1,600 deductible for each benefit period. If you have Original Medicare or a Medicare Advantage plan you can expect to pay this.  However, this deductible is covered by most Medicare Supplement plans.
  • Days 1–60: $0 co-insurance for each benefit period.
  • Days 61–90: $389 coinsurance per day of each benefit period.
  • Days 91 and beyond: $778 coinsurance per each "lifetime reserve day" after day 90 for each benefit period (up to 60 days over your lifetime).
  • Beyond lifetime reserve days: all costs.
  • Note: You pay for private-duty nursing, a television, or a phone in your room. You pay for a private room unless it's medically necessary.

• Mental Health Inpatient Stay 
  • $1,600 deductible for each benefit period. If you have Original Medicare or a Medicare Advantage plan you can expect to pay this.  However, this deductible is covered by most Medicare Supplement plans.
  • Days 1–60: $0 co-insurance for each benefit period.
  • Days 61–90: $389 coinsurance per day of each benefit period.
  • Days 91 and beyond: $778 coinsurance per each "lifetime reserve day" after day 90 for each benefit period (up to 60 days over your lifetime).
  • Beyond lifetime reserve days : all costs.
  • 20% of the Medicare approved amount for mental health services you get from doctors and other providers while you're a hospital inpatient.

Note There's no limit to the number of benefit periods you can have when you get mental health care in a general hospital. You can also have multiple benefit periods when you get care in a psychiatric hospital. Remember, there's a lifetime limit of 190 days.

• Skilled nursing facility stay 
  • Days 1–20: $0 for each benefit period.  
  • Days 21–100: $194.50 co-insurance per day of each benefit period.
  • Days 101 and beyond: all costs.

PART B PREMIUM
The standard Part B premium amount is $164.90 for 2023.
The annual Part B deductible and coinsurance is $233 for 2022. After your deductible is met, you typically pay 20% of the Medicare approved amount for most doctor services (including most doctor services while you're a hospital inpatient), outpatient therapy, and durable medical equipment (DME).
Medicare Part B (Medical Insurance)

• Monthly Premium: 

The standard Part B premium amount in 2023 was $164.90, the projected cost for Part B premiums in 2024 is $178.40.  Everyone who has enrolled in Medicare Part B will have to pay this monthly premium and typically, it is deducted from your monthly Social Security Benefits.  

This monthly Medicare Part B premium is paid by everyone whether you are participating in Original Medicare (Medicare Part A and Part B), a Medicare Advantage (Medicare Part C Plan) or if you enroll in a Medicare Supplement or Medigap Plan.

Most people pay the standard Part B premium amount. If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you'll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium.

• Late Enrollment Penalty: 

• In most cases, if you don't sign up for Part B when you're first eligible, you'll have to pay a late enrollment penalty. You'll have to pay this penalty for as long as you have Part B. Your monthly premium for Part B may go up 10% of the standard premium for each full 12-month period that you could have had Part B, but didn't sign up for it. Also, you may have to wait until the General Enrollment Period (from January 1 to March 31) to enroll in Part B. Coverage will start July 1 of that year.

Part B Costs If You Have Original Medicare
Note: All Medicare Advantage Plans must cover these services. If you're in a Medicare Advantage Plan, costs vary by plan and may be either higher or lower than those in Original Medicare. Review the "Evidence of Coverage" from your plan.

• Part B Annual Deductible:

In 2020, you paid $198 for your Medicare Part B Annual Deductible and it has increased  by $30 to $233 for the 2022 Plan Year.  After you meet your deductible for the year, you typically pay 20% of the Medicare approved amount for these:  

• Most doctor services (including most doctor services while you're a hospital inpatient)
• Outpatient therapy
• Durable Medical Equipment aka DME.

• Clinical laboratory services:  

• You pay $0 for Medicare approved services.

• Home Health Services: 

• $0 for home health care services.
• 20% of the Medicare approved amount for Durable Medical Equipment (DME). 

• Medical and Other Services:

• You pay 20% of the Medicare approved amount for most doctor services (including most doctor services while you're a hospital inpatient), outpatient therapy, and Durable Medical Equipment (DME).  
• Outpatient Mental Health Services: 

• You pay nothing for your yearly depression screening if your doctor or health care provider accepts assignment.
• 20% of the  for visits to your doctor or other healthcare provider  to diagnose or treat your condition. The Part B deductible applies.
• If you get your services in a hospital outpatient clinic or hospital outpatient department, you may have to pay an additional co-payment or coinsurance amount to the hospital.

• Partial Hospitalization Mental Health Services:

• You pay a percentage of the Medicare approved amount for each service you get from a doctor or certain other qualified mental health professionals if your health care professional accepts assignment. You also pay coinsurance for each day of partial hospitalization services provided in a hospital outpatient setting or community mental health center, and the Part B deductible applies.

• Outpatient Hospital Services: 

• You usually pay 20% of the Medicare approved amount for the doctor or other health care provider's services. For services that can also be provided in a doctor’s office, you may pay more for outpatient services you get in a hospital than you’ll pay for the same care in a doctor’s office. However, the hospital outpatient co-payment for the service is capped at the inpatient deductible amount.
• In addition to the amount you pay the doctor, you’ll also usually pay the hospital a co-payment for each service you get in a hospital outpatient setting, except for certain preventive services that don’t have a co-payment. In most cases, the co-payment can’t be more than the Part A hospital stay deductible for each service.
• The Part B deductible applies, except for certain preventative services. If you get hospital outpatient services in a critical access hospital, your micropayment may be higher and may exceed the Part A hospital stay deductible.

PART C PREMIUM 
Part C monthly premium varies by plan. 
MEDICARE SUPPLEMENT PLAN aka MEDIGAP PLANS

• Monthly Premium:

Each Plan Letter has the exact same coverage levels anywhere in the US but the premium varies by plan and by state..

• Medicare Supplement Policies have always been considered as the plans that offer the best coverage.  The plans have different levels of coverage and although they do not include any Prescription Drug Plans you can see any doctor, anywhere in the USA as long as they accept Medicare, and about 94% of physicians do accept Medicare. The most popular Medicare Supplements over the past 5 years have been Plan F, Plan G and Plan N.

MEDICARE PART C or MEDICARE ADVANTAGE

• Monthly Premium:

The Part C monthly premium varies by plan.

• Deductibles, Co-payments, & Coinsurance:

The amount you pay for Part C deductibles, co-payments, and/or coinsurance varies by plan. 

PART D PREMIUM 

The Part D monthly premium varies by plan (higher-income consumers may pay more). Compare costs for specific/individual Part D plans.   If you are taking little or no prescriptions, and you are looking for a stand-alone PDP, they can be found starting at around $15 per month.  And, you can change your Prescription Drug plan every year during the Fall Annual Enrollment Period (AEP), so there is really no reason to purchase a more expensive plan until your needs change.

Deductibles, Co-payments, & Coinsurance: DRUG COVERAGE)

• Monthly premium: The Part D monthly premium varies by plan (higher-income consumers may pay more).   If your annual income is less than $91,000 as an Individual or less than $182,000 if married and filing jointly your will only pay your plan premium.  If, however; your income is above these figures you will pay a monthly penalty that is in addition to your monthly Plan Premium.
• You or your Agent can refer to the exact cost from the www.medicare.gov website.
• Late enrollment penalty: 

You may owe a late enrollment penalty if, for any continuous period of 63 days or more after your Initial Enrollment Period is over, you go without one of these:

• A Medicare Prescription Drug Plan (Part D)
• A Medicare Advantage Plan (Part C) (like an HMO or PPO) or another Medicare health plan that offers Medicare prescription drug coverage
• Credible Prescription Drug Coverage

In general, you'll have to pay this penalty for as long as you have a Medicare drug plan. The cost of the late enrollment penalty depends on how long you went without Part D or creditable prescription drug coverage.

• Deductibles, Co-payments, & Coinsurance:

The amount you pay for Part D deductibles, co-payments, and/or coinsurance varies by plan. 

Figuring Your Total Cost For Healthcare

Cost For Medicare Part A (Usually $0) + Your Medicare Part B Premium which is $170.10 for 2022 + Your Annual Part B Deductible of $233 + Cost of your monthly Medicare Advantage or Medicare Supplement Premium ($90 - $130) and your Medicare Part D Monthly Premium ($35-$45 Average Cost in Arizona) = Your Monthly Cost for Healthcare. 

Every individual is different and has different needs and levels of protection that they believe suits them the best.  As strictly a ballpark guesstimate  a fair monthly budget for someone new to Medicare will be around $320 - $330 a month.  This figure includes your Monthly and Annual Medicare Part B premiums, a Medicare Supplement Plan N or G, and your monthly Medicare Part D (Prescription Drug Plan premium).  This figure does not take into account any medications you may be taking.