How Much Does Medicare Cost A Retiree? 
Most eligible retirees do not pay a premium for Medicare Part A . Once you have accumulated 40 Social Security credits -LRB- that means you have paid Social Security employment taxes for 40 or more quarters -RRB- you do not have to pay a Medicare Part A premium . Most eligible retirees pay a monthly premium of $ 104.90 for Medicare Part B for 2014 . This premium is however more for higher income individuals/couples . A premium chart is available on Medicare.gov . A typical stand alone Medicare Part D prescription drug plan will cost around $ 30 per month . Each of these parts of Medicare -LRB- A , B , and D -RRB- have deductibles and co-payments/co-insurance ; all details are available on Medicare.gov . Retirees often purchase a Medicare supplement insurance policy for an additional premium to provide coverage for Medicare Part A and B deductibles and co-insurance , or enroll in a Medicare Advantage Plan -LRB- Part C -RRB- to package and control costs of Medicare coverage . The average annual out of pocket cost per Medicare beneficiary per the most recent data is $ 4,600 per year . Any individual 's `` cost '' of Medicare will ultimately vary based upon their unique attributes and circumstances ; but to understand the variables and get some control over costs it isadvisableto meet with alicensed insurance agent/advisor who specializes in the senior/Medicare market . 