Original Medicare Part B
Premiums are based upon your AGI. See the IRMAA report for more information.
Medicare Part B does not have premium levels.
Medicare Part B plans do not include Medicare drug coverage (Part D).
Select a premium level based upon the type of health care services you need and how often you get them.
Medicare Advantage Plans
With a Medicare Advantage plan you still have to pay the Part B premium. Some plans may have a $0 premium and may help pay all or part of your Part B premium. Most plans include Medicare drug coverage (Part D).
Medicare Advantage Plan Premiums
Are initially based on your age when you buy the policy and increase as you get older.
Can also vary based on gender, health status, location, and insurance company rates.
Plans with more coverage usually have higher premiums than plans with less coverage.
Plans with high deductibles usually have lower premiums than standard plans, but you'll pay a higher deductible before your coverage starts.
Select a premium level based upon the type of health care service/facility you prefer and whether you prefer a higher or lower deductible.
Medigap/Supplement Plans
With a Medigap plan you still have to pay the Part B premium. Plans do not help pay all or part of your Part B premium. Plans do not include Medicare drug coverage (Part D).
Medigap/Supplement Plan Premiums
Are initially based on your age when you buy the policy and increase as you get older.
Can also vary based on gender, health status, location, and insurance company rates.
Plans with more coverage usually have higher premiums than plans with less coverage.
Plans with high deductibles usually have lower premiums than standard plans, but you'll pay a higher deductible before your coverage starts.
Select a premium level based upon the type of health care service/facility you prefer and whether you prefer a higher or lower deductible.