Medicare Part A costs will vary person-to-person, but for most people, Medicare Part A is premium-free. It still has a deductible, which you pay per benefit period, and it also requires copays for covered services in the hospital, a skilled nursing facility or for hospice.
Many people today have either started their own business or ventured into the workforce as a freelancer or contractor. If you’re self-employed and are about to enroll in Medicare, you may not be aware how self-employment impacts your Medicare choices. And in some cases, you could actually gain some tax benefits as a self-employed individual.