Medicare Part B premiums will rise by 2.7% in 2021

bymuratdeniz | E+ | Getty Images

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.

More from Personal Finance:
Medicare beneficiaries say they’d take early Covid vaccine
Here’s how to handle an unexpected inheritance
Tips for getting your 2021 Medicare drug coverage right

Let’s block ads! (Why?)

Personal Finance

Leave a Reply

Your email address will not be published. Required fields are marked *