Medicare Part B Premiums/Deductibles

The Medicare Lady™

Celebrating 12 years as a Medicare Specialist, October 2020

📧 tcangemi@MyMedicareMadeSimple.com

☎️ Office: 315.676.4933

📱 Cell: 315.727.4933

Hi there!

To my clients:

We are about half way through the Annual Enrollment Period (October 15th to December 7th).

Thank you for your calls (emails, text messages) and letting me make the enrollment changes to your Medicare plans; which keeps me your agent of record and I can get paid for your business. I appreciate your loyalty.

Here are the updates to Medicare costs and MEDICARE RATE CHANGES - FOR 2021:

On November 6, 2020, the Centers for Medicare & Medicaid Services (CMS) announced the 2021 monthly Medicare Parts A and B premiums, deductibles, and coinsurance amounts.

Annual Enrollment Period (AEP): October 15th to December 7th.

Keep reading!

Theresa Cangemi CSA, CLTC

"The Medicare Lady™"

Medicare Part B Premiums/Deductibles

The standard monthly premium for Medicare Part B enrollees will be $148.50 in 2021, an increase of $3.90 from $144.60 in 2020.

CMS also announced that the annual deductible for Medicare Part B beneficiaries is $203 in 2021, an increase of $5 from $198 in 2020.

(NOTE: This Part B deductible does NOT affect those who have Medicare Advantage plans).

Medicare Part A Premiums/Deductibles

The Medicare Part A inpatient deductible that beneficiaries will pay when admitted to the hospital is $1,484 in 2021, an increase of $76 from $1,408 in 2020.

(NOTE: This Part A deductible does NOT affect those who have Medicare Advantage plans).

Savings on Insulin

Medicare beneficiaries can join a prescription drug plan that will offer many types of insulin at a maximum copayment of $35 for a 30-day supply. More than 1,600 Medicare Advantage and Part D prescription drug plans are participating in the “Part D Senior Savings Model” for 2021.

Link to Article (CMS.GOV) - News release for 2021 PART A and PART B premiums and deductibles

Medicare Part B - Income Related Monthly Adjustment Amounts (IRMAA)

Since 2007, a beneficiary’s Part B monthly premium is based on his or her income.

These income-related monthly adjustment amounts (IRMAA) affect roughly

7 percent of people with Medicare Part B. The 2021 Part B total premiums for high-income beneficiaries are shown in the following table:

Link to Article

Income bracket adjustments for

Medicare Part D (Rx) ... 2021

Shown in the following table are the 2021 Part D income-related monthly adjustment amounts (IRMAA) to be paid by beneficiaries who are high-income beneficiaries are shown in the following table:

Link to Article

Please give me a call if you want to make changes to your current Medicare plan for 2021.

* This article is for information purposes only. I don’t recommend, support, or diagnose any featured writer or article. I am not a doctor. Your health is one of a kind. What works for one person may not for another, so the information in these articles should not take the place of an expert opinion. Before making significant lifestyle or diet changes, please consult your primary care physician or nutritionist. Your doctor will know your own health best.

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