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Medicare Part B: How much is the premium?

Medicare is divided into multiple parts, each covering a different aspect of healthcare.

Medicare Part B

What does Medicare Part B cover and how much is the monthly premium?

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What is Medicare Part B and how much does it cost?

The United States government introduced Medicare in 1965. It offers health insurance plans to American citizens. Medicare is divided into three parts, each to cover a different aspect of your healthcare.

Medicare Part A covers hospital insurance, Part B covers medical insurance. The monthly premium for Medicare Part B is $170.10. However, the price is subject to change each year.

If you enroll, but don’t end up using or needing services covered by Part B, you’ll still have to pay. You also may face a penalty if you don’t sign up when you first become eligible– usually age 65.

In addition to the monthly premium, there is a $233 deductible each year.

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