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2020 Medicare Parts A & B Premiums and Deductibles

Published by Robert J Stillwell on December 17, 2019


Do you have questions about these changes?

Each year the Medicare premiums, deductibles, and co payment rates are adjusted according to the Social Security Act.  Medicare Part A covers inpatient hospital and skilled nursing facility services.  Most Medicare beneficiaries do not pay a premium for Part A since they have worked at least 40 quarters.  Medicare Part B covers physician services, outpatient hospital services, certain home health services, durable medical equipment, and other medical services not covered by Medicare Part A.

The standard monthly premium for Medicare Part B enrollees will be $144.60 for 2020, an increase of $9.10 from $135.50 in 2019.

Th annual deductible for all Medicare Part B beneficiaries is $198 in 2020, an increase of $13 from the annual deductible of $185 for 2019.

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