Medicare Changes in 2021 You Should Know About

2020 & 2021 Part A & Part B costs at a glance

2020

2021

Part A premium – Most people don’t pay a monthly premium for Part A

If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $458. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $252.

If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $471. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $259.

Part A hospital inpatient deductible and coinsurance

You pay:

• $1,408 deductible for each benefit period
• Days 1-60: $0 coinsurance for each benefit period
• Days 61-90: $352 coinsurance per day of each benefit period
• Days 91 and beyond: $704 coinsurance per each “lifetime reserve day” after day 90 for each benefit period (up to 60 days over your lifetime)
• Beyond lifetime reserve days: all costs

You pay:

• $1,484 deductible for each benefit period
• Days 1-60: $0 coinsurance for each benefit period
• Days 61-90: $371 coinsurance per day of each benefit period
• Days 91 and beyond: $742 coinsurance per each “lifetime reserve day” after day 90 for each benefit period (up to 60 days over your lifetime)
• Beyond lifetime reserve days: all costs

Skilled nursing facility stay

You pay:

• Days 1–20: $0 for each be­­­nefit period.
• Days 21–100: $176 coinsurance per day of each benefit period.
• Days 101 and beyond: all costs

You pay:

• Days 1–20: $0 for each benefit period.
• Days 21–100: $185.50 coinsurance per day of each benefit period.
• Days 101 and beyond: all costs.

Part B premium

The standard Part B premium amount is $144.60 (or higher, depending on your income).

The standard Part B premium amount is $148.50 (or higher, depending on your income).

Part B deductible and coinsurance

$198 Deductible. 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)

$203 Deductible. 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)

If your yearly income in 2018 (for what you pay in 2020) or in 2019 (for what you pay in 2021) was

For Part B, you pay each month (in 2020)

For Part B, you pay each month (in 2021)

For Part D, you pay each month (in 2020)

For Part D, you pay each month (in 2021)

File individual tax return

File joint tax return

File married & separate tax return

$87,000 or less

$174,000 or less

$87,000 or less

$144.60

$148.50

your plan premium

your plan premium

above $87,000 up to $109,000

above $174,000 up to $218,000

Not applicable

$202.40

$207.90

$12.20 + your plan premium

$12.30 + your plan premium

above $109,000 up to $136,000

above $218,000 up to $272,000

Not applicable

$289.20

$297.00

$31.50 + your plan premium

$31.80 + your plan premium

above $136,000 up to $163,000

above $272,000 up to $326,000

Not applicable

$376.00

$386.10

$50.70 + your plan premium

$51.20 + your plan premium

above $163,000 and less than $500,000

above $326,000 and less than $750,000

above $87,000 and less than $413,000

$462.70

$475.20

$70.00 + your plan premium

$70.70 + your plan premium

$500,000 or above

$750,000 and above

$413,000 and above

$491.60

$504.90

$76.40 + your plan premium

$77.10 + your plan premium