2025 Medicare Cheat Sheet
IMPORTANT DATES
Open Enrollment Period
January 1 - March 31
You can make one change to your MEDICARE ADVANATGE PLAN.
All Year
You can enroll in a MEDICARE SUPPLEMENT plan at any point in the year.
Annual Election Period
October 15 - December 7
You can enroll in
MEDICARE ADVANTAGE & PART D PLANS.
INITIAL ENROLLMENT PERIOD
Medicare will typically start on the 1st day of the month you turn 65.
This is your time to get a Medicare Supplement.
SPECIAL ELECTION PERIODS
Certain events allow you to make changes to your coverage, these includes moving, losing coverage, and getting/losing Medicaid.
Medicare
What is Medicare?
Medicare Premiums & Deductibles
Part A Cost
Part A Premium
- If you do buy Part A, you'll pay up to $515 each month if you paid Medicare taxes for less than 30 quarters.
- If you paid Medicare taxes for 30-39 quarter, the premium is $285.
Monthly Premium
Deductible
Cost Sharing
$0
$1,676 per benefit period
- $0 for the first 6 days.
- $419/day for day 61-90
- $838 over 365 days lifetime
Part B&D Costs
Part B Premium
The standard Part B amount is $185 (or higher depending on your income).
- The Deductible is $257 per year.
- Medicare pays 80%, you pay 20% .
- No limit on total out-of -pocket costs.
Individual Tax Return 2023
$106,000 or less
$106,001 - $133,000
$133,001 - $167,000
$167,001 - $200,000
$200,001 - $499,999
$500,000 or more
Joint Tax Return 2023
$212,000 or less
$212,001 - $266,000
$266,001 - $334,000
$334,001 - $400,000
$400,001 - $749,999
$750,000 or more
Part B Premium 2025
$185
$259
$370
$480.90
$591.90
$628.90
Part D IRMAA 2025
$0
+$13.70
+$35.30
+$57.00
+$78.60
+$85.80
MEDICARE SAVINGS PROGRAMS
Qualified Medicare Beneficiary
Your Situation
Individual
Married Couple
Monthly Income Limit
$1,325
$1,783
Resource Limit
$9,660
$14,470
Specified Low-Income Medicare Beneficiary
Your Situation
Individual
Married Couple
Monthly Income Limit
$1,585
$2,135
Resource Limit
$9,660
$14,470
Qualified Disabled & Working Individual
Your Situation
Individual
Married Couple
Monthly Income Limit
$5,302
$7,135
Resource Limit
$4,000
$6,000