will you be applying for social security? if so your premium for part b will be taken out of your check. part a which covers hospital stays doesn't have a cost to it if you've worked most of your life. you can also look into medicare advantage programs which will still cost you the part b premium (roughly $104 per month) but will offer additional benefits such as drug coverage and many do come with no monthly premium. if you have no source of income and need help paying for medicare you can check into some programs designed to offer financial assistance. contact medicare. gov to find out about the various programs available.
how do i pay for medicare if i am unemployed? . i will be laid off on 12/31/2013 - i turn 65 on 2/24/2014 - how do i registger/pay for medical coverage while unemployed