Medicare Cost 2020
Medicare Part A (Hospital Insurance) Costs Part A Monthly Premium Most people don’t pay a Part A premium because they paid Medicare taxes while working. If you don’t get premium-free Part A, you pay up to $458 each month. Hospital Stay
In 2020, you pay ■ $1,408 deductible per benefit period ■ $0 for the first 60 days of each benefit period ■ $352 per day for days 61–90 of each benefit period ■ $704 per “lifetime reserve day” after day 90 of each benefit period (up to a maximum of 60 days over your lifetime) Skilled Nursing Facility Stay In 2020, you pay ■ $0 for the first 20 days of each benefit period ■ $176 per day for days 21–100 of each benefit period ■ All costs for each day after day 100 of the benefit period Medicare Part B (Medical Insurance) Costs
Part B Monthly Premium
The standard Part B premium amount in 2020 is $144.60 or higher depending on your income. Social Security will tell you the exact amount you’ll pay for Part B in 2020. You pay the standard premium amount (or higher) if: ■ You enroll in Part B for the first time in 2020. ■ You don’t get Social Security benefits. ■ You’re directly billed for your Part B premiums. ■ You have Medicare and Medicaid, and Medicaid pays your premiums. (Your state will pay the standard premium amount of $144.60 in 2020.) ■ Your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount.
If you’re in 1 of these 5 groups, here’s what you’ll pay: 2020 Medicare Costs If your yearly income in 2018 was You pay (in 2020) 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 above $87,000 up to $109,000 above $174,000 up to $218,000 not applicable $202.40 above $109,000 up to $136,000 above $218,000 up to $272,000 not applicable $289.20 above $136,000 up to $163,000 above $272,000 up to $326,000 not applicable $376.20 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 $500,000 or above $750,000 and above $413,000 and above $491.60 The information in this chart can be found at Medicare.gov/your-medicare-costs/ medicare-costs-at-a-glance.
If you have questions about your Part B premium, call Social Security at 1-800-772-1213. TTY users can call 1-800-325-0778. If you pay a late enrollment penalty, these amounts may be higher. Part B Deductible—$198 per year Medicare Advantage Plans (Part C) and Medicare Prescription Drug Plans (Part D) Premiums Visit Medicare.gov/find-a-plan to get plan premiums. You can also call 1-800-MEDICARE (1-800-633-4227). TTY users can call 1-877-486-2048. You can also call the plan or your State Health Insurance Assistance Program (SHIP). To get the most up-to-date SHIP phone numbers, visit shiptacenter.org or call 1-800-MEDICARE. Part D Monthly Premium The chart below shows your estimated prescription drug plan monthly premium based on your income. If your income is above a certain limit, you will pay an income-related monthly adjustment amount in addition to your plan premium. The information in the chart above can be found at Medicare.gov/your-medicare-costs/medicare-costs-at-a-glance.
If your yearly income in 2018 was You pay (in 2020) 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 Your plan premium above $87,000 up to $109,000 above $174,000 up to $218,000 not applicable $12.20 + your plan premium above $109,000 up to $136,000 above $218,000 up to $272,000 not applicable $31.50 + your plan premium above $136,000 up to $163,000 above $272,000 up to $326,000 not applicable $50.70 + 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 $70.00 + your plan premium $500,000 or above $750,000 and above $413,000 and above $76.40 + your plan premium 2020 Part D National Base Beneficiary Premium—$32.74 This figure is used to estimate the Part D late enrollment penalty and the income-related monthly adjustment amounts listed in the table above. The national base beneficiary premium amount can change each year. See your Medicare & You handbook or visit Medicare.gov for more information. For more information about Medicare costs, visit Medicare.gov. CMS Product No. 11579 Revised January 2020 You have the right to get Medicare information in an accessible format, like large print, Braille, or audio. You also have the right to file a complaint if you feel you’ve been discriminated against. Visit Medicare.gov/about-us/accessibility-nondiscrimination-notice, or call 1-800-MEDICARE (1-800-633-4227) for more information. TTY users can call 1-877-486-2048. Paid for by the Department of Health & Human Services.