G enerally, there’s no monthly cost for Part A coverage provided that you or your spouse have contributed to Medicare taxes for a minimum duration during your employment years. This is often referred to as premium-exempt Part A. If you aren’t qualified for premium-exempt Part A, it’s possible to purchase it.
If you decide to purchase Part A, the premium you’ll incur is either $278 or could ascend to $506 monthly in 2023, which is contingent upon the length of time you or your spouse contributed to Medicare taxes.
Should you require financial assistance with your Part A premium, support is available. Individuals with restricted income and assets might secure assistance from their state to cover Medicare expenses, assuming they satisfy specific criteria.
Typically, if you opt to buy Part A, it’s necessary to also subscribe to Part B and cover the premiums for both each month. Conversely, if you opt NOT to acquire Part A, you are still permitted to purchase Part B, given you meet the eligibility requirements.
