2024 Medicare Parts A & B Premiums and Deductibles


The Centers for Medicare and Medicaid Services (CMS) recently announced their 2024 Copay/Deductibles. Listed below are basic costs for people with Medicare.

Features 2023 2024
Part A Inpatient Hospital Deductible $1,600 $1,632
Hospital Coinsurance
61-90 days
91-150 days (lifetime reserve)
Skilled Nursing Facility Care Coinsurance Days 21-100 $200.00 $204.00
Part B Physician’s Services and Supplies Deductibles $226.00 $240.00


The standard monthly premium for Medicare Part B will be $174.70 for 2024. This may be higher depending on your income.

For those who receive Social Security benefits, the average Part B premium will be about $174.70. Individuals will pay a different premium amount in 2024 if:

· They enroll in Part B for the first time in 2024.

· They don’t get Social Security benefits.

· They have Medicare and Medicaid, and Medicaid pays their premiums.

· Their modified adjusted gross income as reported on their IRS tax return from 2 years ago is above a certain amount.