Medicare Part B Premium 2021
The Center for Medicare Services has announced the costs of Medicare Part B Premium 2021. In addition, they have announced the changes to Part A Premiums and Part A and B Deductibles for 2021.
We have included a helpful chart so you can see the premium and deductible differences from 2020 to 2021.
Medicare Cost Sharing Chart
2021 Medicare Part A Premiums
Most people do not pay a Part A Premium, unless they paid into Medicare taxes for less than 30 quarters. However, if you have worked less than 30 quarters paying into the Medicare insurance program, then you will owe a monthly premium if you want Medicare Part A (Hospital Insurance).
- In 2021, the Medicare Part A Premium is $471 per month.
- Medicare Part A was $458 per month in 2020.
For more information, please visit the Medicare.gov page.
2021 Medicare Part B Premiums
- In 2021, the Medicare Part B Monthly Premium will be $148.50
- In 2020, the Medicare Part B Monthly Premium was $144.60.
Medicare Part B Deductible 2021 / Medicare Part A Deductible & Co-Insurances
| Medicare Part A & B Deductibles & Co-Insurances | 2020 | 2021 |
| Part B Deductible | $198 | $203 |
| Part A Deductible | $1,408 | $1,484 |
| Part A Inpatient Hospital Co-insurance | ||
| Days 0-60 | $0 per day | $0 per day |
| Days 61-90 | $352 per day | $371 per day |
| Lifetime Reserve Days 91-150 | $704 per day | $742 per day |
| Skilled Nursing Facility Coinsurance from 21-100 days | $176 per day | $185.50 per day |
| 2021 out-of-pocket (OOP) limits for Medigap Plan K is $6,220 and L is $3,110. | ||
| 2021 Medigap High-Deductible Options F, G, & J have a $2,370 Deductible. |
Medicare Coverages
For a in-depth look at each what each part of Medicare covers, take a look at this article: Medicare Parts A B C D.
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