Medicare Part B Premiums and Part A Deductibles for 2020

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Medicare Part B Premiums and Part A Deductibles for 2020

CMS announced the standard Medicare Part B monthly premium will be $144.60 (up $9.10) in 2020 for most recipients ($1,735 per year), with a $198 deductible (up $13). Both the premiums and deductible are up about 7%. High income seniors will pay between $202.40 and $491.60 per month. CMS says about 7% of Medicare beneficiaries pay the high-income premiums for Part B. Medicare Part B covers physician services, outpatient hospital services, certain home health services, durable medical equipment, and other items. The Medicare Part A hospital insurance deductible will rise $44 (about 3%) to $1,408. Released Nov. 8, 2019.