Medicare.gov: the official U.S. government site for Medicare

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Source: medicare.gov

Everything You Need to Know About Medicare

Part A: Monthly premiums for Part A are free for people who have worked more than 40 quarters (10 years) of Medicare-taxed employment. Their spouses, and sometimes their former spouses and widows, are also eligible for free premiums. Those who have worked less than that will pay hundreds of dollars every month. For 2016, that is as much as $226 per month for 30-39 quarters to $411 per month for less than 30 quarters of work. Additional Part A costs include a $1,288 deductible in 2016 for each hospital stay, copayments for hospital stays longer than 60 days, and copayments for skilled nursing facility stays longer than 20 days.
Source: verywell.com

10 Essential Facts About Medicare’s Financial Outlook

The Hospital Insurance (Part A) trust fund is only one part of Medicare, and therefore only one part of Medicare’s financial picture. While Part A is funded primarily by payroll taxes, benefits for Part B physician services and Part D prescription drugs are paid for separately through a combination of general revenues and beneficiary premiums (Figure 10). Because the revenues needed to fund Part B and Part D program costs are set each year in advance, the trust fund for these parts of Medicare does not face a funding shortfall at any point in the future. But higher projected spending for benefits covered under Part B and Part D will increase the amount of general revenue funding and beneficiary premiums required to cover costs for these parts of the program in the future.
Source: kff.org

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