On November 8, 2019, the Centers for Medicare & Medicaid Services (CMS) released the 2020 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs….
https://www.cms.gov/newsroom/fact-sheets/2020-medicare-parts-b-premiums-and-deductibles
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Part B 2019 and 2020 Comparisons |
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| 2019 | 2020 | |
| Monthly Premium | $135.50 | $144.60 |
| *increase of $9.10 | ||
| Deductible | $185 | $198 |
| *increase of $13 | ||
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Part A Deductible 2019 and 2020 Comparisons |
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| 2019 | 2020 | |
| Inpatient hospital deductible | $1,364 | $1,408 |
| Daily coinsurance for 61st-90th Day | $341 | $352 |
| Daily coinsurance for lifetime reserve days | $682 | $704 |
| Skilled Nursing Facility coinsurance | $170.50 | $176 |
The standard monthly premium for Medicare Part B enrollees will be $144.60 for 2020.
More about Part B:
Original Medicare Part B (also known as Medical Insurance) covers outpatient hospital / emergency room visits, some preventative care, and physician services. As it was announced on 11/08/19, the Part B monthly premium will be $144.60, which is an increase of $9.10 from the $135.50 it was in 2019. (This is quite a jump from the $1.50 increase from 2018 to 2019).
The annual deductible will be $198, an increase of $13 from 2019. (This is also quite a jump from the $2 increase from 2018-2019). After your deductible is met, you typically pay 20% of the Medicare-approved amount for most doctor services (including most doctor services while you’re a hospital inpatient), outpatient therapy, and Durable medical equipment (DME).
*Medicare Advantage Plans and Medicare Prescription Drug Plans are unaffected by this
The standard annual deductible for Medicare Part A beneficiaries will be $1,408 in 2020.
More about Part A:
Original Medicare Part A (also known as Hospital Insurance) covers inpatient hospital care, skilled nursing and home health care. As it was announced on 11/08/2019, the annual deductible for Part A will be $1,408, an increase of $44 from 2019’s cost of $1,364.
This deductible covers beneficiaries’ share of costs for the first 60 days of inpatient hospital care in a benefit period.
*This only pertains to enrollees who have 40 quarters of employment
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For more information on the 2020 Medicare Parts A and B premiums and deductibles (CMS-8068-N, CMS-8069-N, CMS-8070-N), please visit https://www.federalregister.gov/public-inspection.