How is the cost for Medicare Part C calculated?

The cost for Medicare Part C, also known as Medicare Advantage, is primarily calculated based on the combination of Medicare Part B premiums and any additional premiums that a Medicare Advantage plan may charge.

Medicare Advantage plans provide an alternative way to receive Medicare benefits by bundling Medicare Part A (hospital insurance) and Part B (medical insurance) into one plan, often including extra benefits such as vision, dental, and wellness programs. The standard Part B premium is deducted from Social Security benefits, but many Medicare Advantage plans charge an additional premium on top of this. This additional premium could vary from plan to plan, reflecting the benefits and services each plan provides, which means individuals may pay a different amount depending on their selected plan.

Since the correct answer highlights the need to account for both the Part B premium and any potential extra costs associated with a specific plan, it accurately describes how the overall cost for Medicare Part C is determined.