What Are the Medicare Costs for 2023?

Updated on February 21st, 2023

We want to help you make educated healthcare decisions. While this post may have links to lead generation forms, this won’t influence our writing. We adhere to strict editorial standards to provide the most accurate and unbiased information.

Prices have changed slightly this year, but there aren’t many surprises for Medicare costs in 2023. 

You can avoid many of the charges below by adding Medicare Supplement or switching to Medicare Advantage coverage.

Medicare Part A Costs

Medicare Part A covers inpatient stays in hospitals and skilled nursing facilities, home health care and hospice. You must keep Part A and B to get additional coverage, such as a Medicare supplement or Medicare Advantage plan.

2023 Part A Monthly Premium

  • Most people don’t pay a Part A premium because they paid Medicare taxes while working.
  • If you don’t qualify for premium-free Part A, you’ll pay up to $506 per month.
    • If you are almost qualified for premium-free Part A by working 30 quarters, you’ll pay up to $278 per month.1

2023 Medicare Hospital Stay

A benefit period begins once you’re admitted to the hospital. In 2023, you’ll pay:

  • $1,600 deductible per benefit period 
  • $400 per day for days 61–90 of each benefit period2
  • $800 per day for days 91-150 while using your 60 lifetime reserve days, up to a maximum of 60 days over your lifetime3

Some Medicare Supplement plans pay for these costs in full.Medicare Part A skilled nursing facility | HealthCare.com

2023 Skilled Nursing Facility Medicare Stay

In 2023, you pay:

  • $0 for the first 20 days of each benefit period
  • $200 per day for days 21–100 of each benefit period4
  • All costs for each day after day 100 of the benefit period

Certain Medicare Supplement plans completely cover these costs.

Medicare costs | HealthCare.com

Medicare Part B Costs

Medicare Part B generally covers preventive services and outpatient care – including general practitioners and same-day procedures. You need Parts A and B to get supplemental coverage.

2023 Part B Monthly Premium

The standard Part B premium in 2023 is $164.90 per month.5

However, if your Medicare premiums are paid directly from your Social Security benefits, Medicare cannot cause you to receive less Social Security than you did in the previous year. Accordingly, some people who receive Social Security benefits pay less than $164.90.

You pay the standard premium amount (or higher) if:

  • You enroll in Part B for the first time in 2023.
  • You don’t get Social Security benefits.
  • You’re directly billed for your Part B premiums.
  • You’re dual-eligible for Medicare and Medicaid, and Medicaid pays your premiums. (Your state will pay the standard premium of $164.90 in 2023.)

If your modified adjusted gross income, as reported on your IRS tax return from 2 years ago, is above a certain amount, here’s what you’ll pay6:

If your yearly income in 2021 was:
File individual tax returnFile joint tax returnFile married & separate tax returnYou pay(in 2023):
$97,000 or less$194,000 or less$97,000 or less$164.90
above $97,000up to $123,000above $194,000up to $246,000not applicable$230.80
above $123,000up to $153,000above $246,000up to $306,000not applicable$329.70
above $153,000up to $183,000above $306,000up to $366,000not applicable$428.60
above $183,000up to $500,000above $366,000up to $750,000above $97,000up to $403,000$527.50
above $500,000above $750,000above $403,000$560.50

If you pay a Part B late enrollment penalty, these amounts may be higher.

2023 Part B Deductible

The Medicare Part B deductible is $226 per year.7 Medicare will contribute to your medical costs once you spend this amount.

Medicare Advantage (Part C) Costs

Medicare Part C describes private insurance plans that act as an optional replacement for Part A and Part B. Part C members still pay Part B premiums.

Medicare Advantage Premiums

Average Medicare Advantage premiums dropped to $18.00 in 2023. Although each Medicare Advantage plan is different, the government believes that monthly Medicare Advantage premiums had decreased since 2017, when they were $31.91.2

Calling an agent via Healthcare.com is an easy way to compare Medicare Advantage prices. You can also use Healthcare.com’s plan comparison tool to check out Medicare Advantage in your area.

2023 Medicare Advantage Maximum Out-of-Pocket Cost

In 2023, the maximum out-of-pocket cost for those with Medicare Advantage is $8,300.8 You won’t have to pay a penny more than this amount for services that would have been covered under Original Medicare (Parts A & B).

However, this only applies to services that would have been covered under Original Medicare. Additional services in certain Part C plans – such as SilverSneakers, weight loss programs, or RX drugs – can exceed this limit.

Medicare Part D costs | pill price tag

Medicare Prescription Drug Plans (Part D) Costs

Medicare Part D is an optional RX drug help that works with Medicare. People cannot be denied coverage due to health reasons.

2023 Part D Deductible

The annual deductible for Part D prescription drug coverage in a standalone Part D drug plan cannot exceed $505.9

2023 Part D Monthly Premium

Average Part D premiums are expected to increase to $43 in 2023.10 The average Part D premium has been between $30 and $35 per month for over a decade.

The chart below shows your estimated monthly prescription drug plan adjustments (an additional amount based on income added to the plan premium.) If your income is above a certain limit, you will pay an income-related monthly adjustment amount in addition to your plan premium.

If your yearly income in 2021 was:
You pay(in 2023):
File individual tax returnFile joint tax returnFile married & separate tax returnYour plan premium
$97,000 or less$194,000 or less$97,000 or less$12.20 + your plan premium
above $97,000up to $123,000above $194,000up to $246,000not applicable$31.50 + your plan premium
above $123,000up to $153,000above $246,000up to $306,000not applicable$50.70 + your plan premium
above $153,000up to $183,000above $306,000up to $366,000not applicable$70.00 + your plan premium
above $183,000up to $500,000above $366,000up to $750,000above $97,000up to $403,000$76.40 + your plan premium
above $500,000above $750,000above $403,000

2023 Part D National Base Beneficiary Premium

The Part D base premium is $32.74, a decrease of $0.45 from last year. This figure estimates the Part D late enrollment penalty and the income-related monthly adjustment amounts listed in the table above. The national base beneficiary premium amount can change each year.

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  1.  Medicare.gov. “Costs 2023.” Accessed Feberuary 6, 2023.

  2.  Medicare.gov. “Costs 2023.” Accessed February 6, 2023.


  3.  Medicare.gov. “Costs 2023.” Accessed February 6, 2023.

  4.  Medicare.gov. “Costs 2023.” Accessed February 6, 2023.

  5.  Medicare.gov. “Costs 2023.” Accessed February 6, 2023.

  6.  Medicare.gov. “Costs 2023.” Accessed February 6, 2023.

  7. Kaiser Family Foundation. “Medicare Advantage 2023 Spotlight: First Look.” Accessed February 6, 2023.

  8.  National Council on Aging. “What You’ll Pay in Out-of-Pocket Medicare Costs in 2023.” Accessed February 6, 2023.

  9. Medicare.gov. “Yearly deductible for drug plans.” Accessed February 6, 2023.

  10.  Kaiser Family Foundation. “Medicare Part D: A First Look at Medicare Drug Plans in 2023.” Accessed February 6, 2023.