A Guide To Understanding Medicare Costs

Medicare Costs And Options

The amount you pay for Medicare depends on several factors, including your income and choice of coverage. Learn what to expect with Medicare costs—so you can choose a plan that’s right for your needs and budget. 

How much does Medicare cost?

Each of the four parts of Medicare involves different coverage and costs: 



Part A (hospital care)



Part B (doctor visits)



Part C (Medicare Advantage plans)



Part D (prescription drug plans)


Find out what you’ll pay in premiums and out-of-pocket costs such as deductibles, copayments and coinsurance. In many cases, an all-in-one Medicare Advantage (Part C) plan could save you money. 

Medicare Advantage And Prescription Drug Coverage Costs

Medicare Advantage plans (Part C) cover the same benefits as Original Medicare (Parts A and B), plus some additional coverage like Part D prescription drug coverage. Most plans also cover dental, vision, hearing and more. 


Find out about different Medicare Advantage and prescription drug plans and their costs, so you can make the best decision based on your needs. 

Medicare Advantage Plan Options

Explore the Medicare Advantage plans available to you. 

Medicare Part C Costs

Learn more about Medicare Advantage (Part C) premiums and out-of-pocket costs.

Medicare Part D Plans

Decide if a Part D prescription drug plan is right for you.

Medicare Part D Costs

Explore key factors affecting your Part D out-of-pocket costs.


Enrolling In Medicare

Have questions about when and how to enroll in Medicare? Our next guide walks you through the Medicare eligibility and enrollment process.


Other Articles From "A Guide to Understanding Medicare Costs"

Are you ready to shop our Medicare plans?

We make it easy to find a Medicare Advantage plan based on your unique needs. You can save your favorites and come back during one of the enrollment periods to apply.

Shop Plans

Attend A Free Medicare Event

Sign up for a free Medicare event to learn how Anthem Medicare plans help cover costs that Original Medicare doesn’t. You can attend a virtual Medicare webinar. Or, if you prefer, come to a live seminar in your area where a licensed Medicare agent will be present to answer your questions.

Find An Event

Anthem Blue Cross is an HMO & LPPO plan with a Medicare contract. For Dual-Eligible Special Needs Plans: Anthem Blue Cross is an HMO SNP plan with a Medicare contract and a contract with the California Medicaid program. Anthem Blue Cross Life and Health Insurance Company is an LPPO plan with a Medicare contract. Enrollment in Anthem Blue Cross depends on contract renewal.