Medicare Premiums for 2020
- Most people get Part A automatically when they turn age 65. They don’t have to pay a monthly payment called a premium for Part A because they or a spouse paid Medicare taxes while they were working
Medicare Deductible and Coinsurance Amounts for 2019:
Part A: (pays for inpatient hospital, skilled nursing facility, and some home health care) For each benefit period Medicare pays all covered costs except the Medicare Part A deductible (2020= $1,408) during the first 60 days and coinsurance amounts for hospital stays that last beyond 60 days and no more than 150 days.
For each benefit period you pay:
- $0 for the first 60 days of each benefit period after the $1,408deductible is met.
- $352.00 a day for the 61st – 90th day each benefit period.
- $704.00 a day for the 91st – 150th day for each lifetime reserve day (total of 60 lifetime reserve days – non-renewable).
- All costs for each day after day 100 of the benefit period.
Skilled Nursing Facility Coinsurance
- $0 for the first 20 days of each benefit period.
- Up to $176.00 a day for the 21st – 100th day each benefit period.
Part B: Covers Medicare eligible physician services, outpatient hospital services, certain home health services, durable medical equipment.
Above information from Medicare.gov January, 2020