Typically there is no cost, but it also depends on your work history. If you have worked a minimum of 10 years/40 quarters (there are 4 quarters in every year), then Medicare Part A will have no cost.
Here is the rule if you have not worked a minimum of 40 quarters:
Part A may cost you as much as $413 or $227 per month. Here is the rule behind either cost:
Part A premiums
If you buy Part A, you’ll pay up to $413 each month in 2017. If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $413. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $227.
In most cases, if you choose to buy Part A, you must also have Medicare Part B (Medical Insurance) and pay monthly premiums for both. Contact Social Security for more information about the Part A premium.
You can visit the Medicare.gov website for more information.
This information is brought to you by The Medicare Lady, Darlene Swaffar at seniormedicalchoices.com.
