2021 Medicare Numbers to Remember
Basic Part B premium: $148.50 a month
Part B deductible: $203
Part A deductible: $1,484
Part A Premium: (Most Beneficiaries Do Not Incur This Cost). 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 Deductible and Coinsurance:
$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
Medicare costs at a glance: https://www.medicare.gov/your-medicare-costs/costs-at-a-glance/costs-at-glance.html
CMS Announcement: https://www.cms.gov/Newsroom/MediaReleaseDatabase/Press-releases/2016-Press-releases-items/2016-11-10-2.html
Part B Premium: $148.50
The standard Part B premium amount in 2021 will be $148.50 (or higher depending on your income).
Most people will pay the standard premium amount. If your modified adjusted gross income is above a certain amount, you may pay an Income Related Monthly Adjustment Amount (IRMAA). Medicare uses the modified adjusted gross income reported on your IRS tax return from 2 years ago. This is the most recent tax return information provided to Social Security by the IRS.
Medicare part B costs outlined: https://www.medicare.gov/your-medicare-costs/part-b-costs
Yearly deductible for drug plans
This is the amount you must pay each year for your prescriptions before your Medicare drug plan pays its share.
Deductibles vary between Medicare drug plans. No Medicare drug plan may have a deductible more than $445 in 2021. Some Medicare drug plans don't have a deductible.
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