What You’ll Pay for Medicare in 2024

Medicare premiums for 2024 will increase. The cost of Medicare Part A Deductible, Medicare Part B and Part D premiums have increased.

The page is filled with small titiled graphics representing different parts of Medicare.
(Image credit: Getty Images)

Medicare premiums will increase in 2024 from 2023's levels. Increases were expected after last year’s unusual decrease in premium and deductible costs. In order to get the most from your plan, it’s important to understand your out-of-pocket costs, which will vary depending on your income and the type of plan you choose. Here’s a rundown of what you can expect in 2024.

Part A deductible  

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Donna LeValley
Personal Finance Writer

Donna joined Kiplinger as a personal finance writer in 2023. She spent more than a decade as the contributing editor of J.K.Lasser's Your Income Tax Guide and edited state specific legal treatises at ALM Media. She has shared her expertise as a guest on Bloomberg, CNN, Fox, NPR, CNBC and many other media outlets around the nation.