CMS, the Centers for Medicare & Medicaid Services, has just announced the Medicare Part B Premiums for 2021.
We’ll also show you other Medicare costs such as Part A and Part B deductibles, copays and coinsurance.
Medicare Costs For 2021
For 2021 the Medicare Part A premium for most people will be $0. If you have to buy part A then the premium will be up to $471 per month, compared to $458 in 2020.
The Part A hospital deductible is $1484 which is up from $1408 in 2020.
The Part A deductible applies to each benefit period. This benefit period starts when you enter the hospital and ends when you are out of the hospital for 60 days in a row.
The Part A Coinsurance for days 61 – 90 is $371 per day which is up from $352 in 2020. Coinsurance for days 91 and beyond is $742 per day up from $704 in 2020.
Medicare Part B Costs For 2021
The Medicare Part B premium for 2021 is $148.50 per month which is up a little bit from $144.60 in 2020.
The Part B deductible for 2021 is $203 per year which is up five dollars from $198 in 2020.
Medicare Part B Premiums For 2021
|Your yearly income in 2019 (for what you pay in 2021)||
You pay each month in (2021)
|File individual tax return||File joint tax return||File married and filing separately|
|$88,000 or less||$176,000 or less||$88,000 or less||$148.50|
|above $88,000 up to $111,000||above $176,000 up to $222,000||N/A||$207.90|
|above $111,000 up to $138,000||above $222,000 up to $276,000||N/A||$297.00|
|above $138,000 up to $165,000||above $276,000 up to $330,000||N/A||$386.10|
|above $165,000 and less than $500,000||above $330,000 and less than $750,000||above $88,000 and less than $412,000||$475.20|
|$500,000 or above||$750,000 and above||$412,000 and above||$504.90|
The 2021 Part C Medicare Advantage and Medicare Part D drug plan premiums will vary.
Get in touch with us at 800-783-5901 if you need help finding the lowest cost plans in your area.