Medicare Part A is the hospital insurance portion and seniors get this free if the individual or spouse has 40 or more quarters of Medicare-covered employment. Medicare Part B is for individuals who enroll at 65 and it’s fairly minimal; for example, Medicare Part B was an average cost of $96.40 for 2009.
The cost for Medicare premiums is less than people were paying before they turned 65, and that is good news. The bad news is that Medicare does not cover all health care costs, but a lot of people tend to forget this point.
Most seniors need supplemental coverage to fill in the gaps for extra money they pay out for things not covered by Medicare. However, there are 12 different Medicare supplement plans – and so many Medicare insurers and HMOs to choose from – that not only is there a lot of variety and different prices, but the various options make it a bit easier to choose what will work for you.