Is there a premium for Medicare Part A?

• A. No if you qualify, But there are deductibles for 2020 the deductible was approximately $1400 each episodes
• B. Yes, there is a monthly premium
• C. It varies by income
• D. It is always free

Answer: (A)

Medicare Part A generally has no monthly premium for people who qualify by having paid enough Medicare payroll taxes during their working years. If you qualify for premium-free Part A, you won’t pay a monthly premium. There is a deductible charged per benefit period for inpatient hospital stays (in 2020 that deductible was about $1,408). After meeting the deductible, you may owe coinsurance for longer hospital stays, and there are different cost rules for other Part A-covered services.

In short, the typical rule is: no monthly premium if you qualify for premium-free Part A, but there is a per-benefit-period deductible. This matches the idea that there isn’t a universal premium, and there are deductibles to know about.