The number of years you or your spouse worked while paying Medicare taxes will be taken into account to determine how much you have to pay to receive Medicare Part A, with $458 per month as a maximum.If your (or your spouse’s) work record does not qualify you for free benefits, you still have access to full Medicare benefits, but you must pay to participate in the program.
If you aren’t sure whether your work record has qualified you to receive free benefits, contact the Social Security Administration. Social Security can tell you how long you would need to continue working to receive free benefits and what your monthly premiums would be with your current work record.
Part A Late Enrollment Penalty
As you weigh the costs and benefits, keep in mind that if you are not eligible for free Medicare Part A and you don’t buy it when you’re first eligible, your monthly premium may increase by 10%. Medicare then requires that you pay the higher premium for twice the number of years you could have had Part A but didn’t sign up.
If your (or your spouse’s) work record does not qualify you for free benefits, you still have access to full Medicare benefits, but you must pay to participate in the program.
Part A Deductible And Coinsurance
For hospital inpatient care, you will pay a yearly deductible of $1,408. For hospital stays more than 60 days, you will be required to share more of the cost as the hospital stay goes on. This is called coinsurance.