Most people will receive Medicare Part A without paying a premium. If you, or your spouse, paid Medicare taxes during your working years you may not have to pay a premium for Part A. Others will be required to pay up to $441 in 2013.
The Medicare Part B premium for 2013 for most people is $105. If you fail to sign up for Part B when you are first eligible you may be required to pay a late enrollment penalty of up to 10% per year for every year you were eligible but failed to sign up.
Higher income individuals may pay a penalty. In determining your penalty premium, Medicare considers your income from prior tax returns (from 2 years ago). The penalty plus base premium is graduated based on income and can be as much as $335 in 2013.
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The Medicare Part B premium for 2013 for most people is $105. If you fail to sign up for Part B when you are first eligible you may be required to pay a late enrollment penalty of up to 10% per year for every year you were eligible but failed to sign up.
Higher income individuals may pay a penalty. In determining your penalty premium, Medicare considers your income from prior tax returns (from 2 years ago). The penalty plus base premium is graduated based on income and can be as much as $335 in 2013.