Is Medicare Part A Free?
Terry from Laredo asks Toni why she’s paying $505 per month for Medicare Part A and $174.70 per month for Medicare Part B. Toni has an answer that will save Terry a lot of money!
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Who’s Eligible for Medicare Part A?
To qualify for Medicare Part A at no cost, you must have worked (and paid) Social Security and Medicare taxes from your payroll check for 10 years or 40 quarters. Here’s an example for you.
- If you paid Medicare taxes for 30-39 quarters, then the standard Part A premium is $278 each month.
- If you paid Medicare taxes for less than 30 quarters, the premium for Medicare Part A is $505 each month ($1 less than in 2023).
However, those who do NOT qualify for premium-free Medicare Part A but have been married for at least 10 years to an individual who meets the 10 years/40 quarters requirement, should apply for Medicare under their working spouse’s Social Security number. What this means for you, Terry, is that you should’ve applied for Medicare under Sonny’s account.
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Originally published April 03, 2024
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