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Medicare Blog | Medicare News | Medicare Information

Medicare Part B Premium to Rise 6.7%

Posted by www.psmbrokerage.com Admin on Thu, Nov 14, 2019 @ 02:13 PM

The average deductible for
Part A is slated to rise 3.2%, or $44, to $1,408 in 2020. About 99% of Medicare beneficiaries don’t pay premiums for Part A coverage because they have at least 40 quarters of Medicare-covered employment. In September, the CMS announced premiums for Medicare Advantage will hit their lowest point in the last 13 years in 2020: average monthly M/A premiums are expected to decrease 14.4% from $26.87 in 2019 to $23 next year. The CMS is preparing to publish the official 2020 Medicare rate notices in the Federal Register Nov. 13. A preview of the Part A notice is available here, and a preview of the Part B notice is available here.


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Additional Updates:

Tags: Medicare Part A, Medicare Part B, Medicare, deductibles, 2020

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