What Does Medicare Cost? Premiums, Deductibles & Copays Explained

Medicare does not have one simple price tag. What you pay can depend on which parts of Medicare you have, the coverage you choose, your income, your prescriptions, and how much healthcare you use. In this video, I explain: • Part A premiums, deductibles, and cost-sharing • Part B premiums, deductibles, and coinsurance • How Part D costs can vary by plan • Why a $0-premium Medicare Advantage plan does not mean $0 healthcare costs • How Medicare Supplement premiums fit into the picture • Why you should look at the total yearly cost instead of just the monthly premium Two people can both have Medicare and still pay very different amounts depending on the coverage they choose and how they use healthcare. Joel McKinney Independent Medicare Broker | West Virginia 304-924-4173 I help people compare Medicare coverage based on their doctors, prescriptions, costs, and individual needs. This video is for general educational purposes. Medicare plan benefits, costs, networks, formularies, and eligibility can vary and may change. #Medicare #MedicareCosts #MedicareExplained