Medicare Part B Premium Announced For 2020



Some key bullet points:

  •     The standard monthly premium will be $144.60 for 2020, which is $9.10 more than the $135.50 in 2019.

  •     The annual deductible for Part B will rise to $198, up $13 from $185 this 2019 year.

  •     About 7% of beneficiaries will pay extra from income-related adjustment amounts.


Medicare Part B Premiums/Deductibles

Medicare Part B covers physician services, outpatient hospital services, certain home health services, durable medical equipment, and certain other medical and health services not covered by Medicare Part A.1 

Each year the Medicare premiums, deductibles, and copayment rates are adjusted according to the Social Security Act.1

The increase in the Part B premiums and deductible is largely due to rising spending on physician-administered drugs. These higher costs have a ripple effect and result in higher Part B premiums and deductible.1 


To read more on this subject, click on the web link below:

https://www.cms.gov/newsroom/fact-sheets/2020-medicare-parts-b-premiums-and-deductibles


1. Source: CMS.gov 
https://www.cms.gov/newsroom/fact-sheets/2020-medicare-parts-b-premiums-and-deductibles


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