Medicare Cost Estimator 2024
Calculate your estimated monthly Medicare costs including Part B premium, IRMAA surcharges, Part D, and Medigap supplement plans.
Medicare Cost Estimator
Estimate your 2024 Medicare costs — Part B premium, IRMAA surcharges, Part D, and Medigap supplement plans.
👤Your Information
🛡️Coverage Choices
Medicare Part D
Prescription drug coverage (~$55/mo avg)
Plan G: most popular. Plan N: lower premium, copays. Plan F: most comprehensive (pre-2020 only).
💰Monthly Cost Breakdown
Part A (Hospital)
Usually $0 if you worked 10+ years
Part B (Medical)
$174.70 base
Part D (Prescriptions)
~$55 avg
Medigap Plan G
Supplement insurance (avg by age)
Total Monthly
$339.70Annual cost
$4,076.40📋What's Covered
🏥 Part A
- Hospital stays (after deductible)
- Skilled nursing facility (limited)
- Hospice care
- Some home health care
👨⚕️ Part B
- Doctor visits (20% coinsurance)
- Outpatient services
- Preventive care (most at $0)
- Durable medical equipment
💊 Part D
- Prescription drugs
- Varies by plan formulary
- 2024 catastrophic cap: $8,000 OOP
- Preferred pharmacy networks
🛡️ Medigap
- Fills gaps in Original Medicare
- Plan G covers Part B coinsurance
- Plan N: copays at some visits
- Plan F: covers Part B deductible
📊2024 IRMAA Income Brackets
If your Modified Adjusted Gross Income (MAGI) exceeds these thresholds, you pay an Income-Related Monthly Adjustment Amount (IRMAA) on top of standard premiums.
| Single MAGI | Joint MAGI | Part B Total | Part D Surcharge |
|---|---|---|---|
| ≤ $103,000 | ≤ $206,000 | $174.70 | $0.00 |
| $103,001–$129,000 | $206,001–$258,000 | $244.60 | +$12.90 |
| $129,001–$161,000 | $258,001–$322,000 | $349.40 | +$33.30 |
| $161,001–$193,000 | $322,001–$386,000 | $454.20 | +$53.80 |
| $193,001–$500,000 | $386,001–$750,000 | $559.00 | +$74.20 |
| > $500,000 | > $750,000 | $594.00 | +$81.00 |
⚠️ This tool provides estimates for educational purposes only. Actual costs vary by plan, location, and enrollment status. Consult a licensed Medicare advisor or visit medicare.gov for official guidance. 2024 figures; updated annually.