| Option | Typical Cost |
|---|---|
| Basic / standard | $2,100–$4,200 |
| Moderate / comprehensive | $5,600–$11,200 |
| Intensive / premium | $10,500–$21,000 |
| Luxury / concierge | $21,000–$42,000 |
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| Medicare Part | Monthly Premium | What It Covers |
|---|---|---|
| Part A (hospital) | $0 (most people) | Hospital stays, skilled nursing, hospice |
| Part B (medical) | $185/month | Doctor visits, outpatient, preventive |
| Part D (drugs) | $15–$100/month | Prescription medications |
| Medigap (supplement) | $100–$400/month | Covers Part A & B gaps |
| Medicare Advantage (Part C) | $0–$100/month | All-in-one alternative |
Total monthly Medicare cost: $200–$600 depending on your plan choices. Part B has a $240 annual deductible, then covers 80% of approved services — the other 20% is your responsibility unless you have a Medigap supplement or Medicare Advantage plan. Enroll during your Initial Enrollment Period (3 months before to 3 months after turning 65) to avoid late enrollment penalties of 10% per year of delay on Part B premiums. Medicare does NOT cover dental, vision, hearing, or long-term care.
Medicare premiums are calculated from risk factors specific to your situation. Carriers weigh these factors differently, which is why quotes vary so widely. Your claims history, location, coverage limits, and deductible all interact to determine your rate.
The cheapest policy is not always the best value. Coverage exclusions, claim response times, and financial stability of the carrier matter when you actually need to file a claim. Check AM Best ratings for financial strength and J.D. Power for customer satisfaction before choosing based on price alone.