How much does Medicare cost?

The cost of Medicare can seem confusing but it’s really quite simple. Because it is very case-by-case for each individual’s situation, this is a very brief guide to reference Medicare premiums in 2021. Part A, which is for hospital coverage, has $0 premium regardless of who is qualifying or what their income and employment status is. Part B, however, is determined by income level and how taxes are filed. This chart shows the different brackets for each and the current premiums for 2021.

File Individual Tax Return File Joint Tax Return File Married & Separate Returns 2021 Monthly Premium
$88k or less $176k or less $88k or less $148.50
$88k – $111k $176k – $222k N/A $207.90
$111k – $138k $222k – $276k N/A $297.00
$138k – $165k $276k – $330k N/A $386.10
$165k – $500k $330k – $750k $88k – $412k $475.20
$500k or above $750k or above $412k or above $504.90


This chart is specific to Florida Blue’s current Advantage Plan and Plan G supplement but may also be helpful to show the estimated cost of both routes you can go if purchasing additional coverage to Parts A and B.

Medical Coverage Medical Coverage
Monthly Premium: $47.90 Monthly Premium: $180.60 (Plan G at age 65)
Part A: $0 Part A: $0
Part B: contingent on income (see above) Part B: contingent on income (see above)
Prescription Drug Coverage Standalone Part D
Monthly Premium: included in plan Monthly Premium: $73.70
Deductible: $250 Deductible: $405




$47.90 (+ Part B)


$254.30 (+ Part B)

Includes copays & coinsurance.

Out of pocket max: $6,500 in network/$10,000 out of network

Part B deductible ($203) must be met.

No copays or coinsurance.