People With Medicare

Portions of Costs

What portions of Medicare costs do I have to pay?

Most people with Medicare will pay:

• Monthly fees, called premiums, and
  
• A set amount each year, called an annual deductible, and
  
• A share of the costs for each visit or service. In Original Medicare this is called coinsurance. In Medicare Advantage, it is called a copayment.

You might pay deductibles before Medicare starts paying its share of each service. The federal government sets costs for Medicare Parts A and B. The private Medicare Advantage plans set their own costs for services and prescription drugs.

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