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Medicare out-of-pocket costs clients should expect to pay Medicare is an important part of most retirees' health care plans, although there are some things it does not cover, such as eyeglasses, hearing aids and dental care and hearing aids. Here is a rundown from U.S. News & World Report of the costs that retired clients should expect in retirement, including premiums and deductibles. Most retirees pay the standard Medicare Part-B premium of $105 per month in 2016. However, some pay more, such as beneficiaries who have not yet claimed (who will pay $122 per month) or high-income retirees bringing in more than $85,000, or $170,000 for couples ($171 to $390 per month, depending on their income.) Also, Part-B has a $166 deductible in 2016. After that, Medicare beneficiaries typically pay 20% of the cost. For situations that require a hospital stay, Part A has a $1,288 deductible. Patients have to pay each time they are admitted to the hospital, notes an expert, so people who need hospital services frequently can see out-of-pocket costs skyrocket. Prescription drug coverage is $41 per month in 2016 on average, although plans are allowed to charge deductibles of up to $360. Finally, clients can help themselves and avoid late penalties by signing up for Medicare during the seven-month initial enrollment period that begins three months before they turn 65. If they don't sign up for Medicare during this initial enrollment period, they may be charged higher premiums for the rest of their life. --Yahoo Finance

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