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.|
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.