Finance

Medicare Part B premiums will rise by 2.7% in 2021

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The standard monthly premium for Medicare Part B will be $ 148.50 in 2021, officials announced Friday.

The $ 3.90 increase is 2.7% more than the 2020 figure of $ 144.60, according to information released by the Centers for Medicare and Medicaid Services.

The deductible for Part B, which covers outpatient care, durable equipment and some other services, will be $ 203 next year, up $ 5 from $ 198 in 2020.

Meanwhile, the deductible for Medicare Part A (hospital coverage), which is per benefit period (which generally starts when you are admitted to the hospital) will be $ 1,484 in 2021, up $ 76 from this year’s $ 1,408.

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