Medicare Deductibles and Co-Payments 2021

Medicare has released its prices for 2021

Medicare Part A

• Inpatient Hospital Deductible - $1,484
• 61st -90th Day Co-insurance  - $371/day
• 91st day - Plus Co-Insurance - $742/day
• Skilled Nursing Co-Insurance - $185.50 day

Part B Deductible    $203
Medicare Supplement High F, G, & J Deductible - $2370

• This applies to the plan deductibles for High Deductible Plan F, Innovative Plan F, High deductible G, and Innovative plan G
  

Plan K Out-of-Pocket Limit  - $6,220
Plan L Out-of-Pocket Limit  - $3,110

Plan N Co-Payments

• Office Visits - up to $20 (no change)
• ​Emergency Room Visits - up to $50 (no change)
  

Medicare Part B Premium
The standard Part B premium for 2021 will be $148.50.  Most people will pay the standard amount.  If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you'll pay the standard amount and an income related Monthly Adjustment Amount (IRMAA).  This is an extra charge added to your premium.  

Filing Individual tax returns
  Above $88,00 up to $111,000   =    207.50
  Above $111,000 up to $138,000  = $297.00
  Above $138,000 up to $165,000  = $386.10
  Above $165,000 but less $500,000  = $475.20
  $500,000 or more     = $504.90

Filing Joint Tax Returns
  Above $176,000 up to $222,000  =  $207.90
  Above $222,000 up to $276,000  =  $297.00
  Above $276,000 up to $330,000  =  $386.10
  Above $330,000 buy less $750,000  = $475.20
  $750,000 and above  = $504.90

Let us know if you have any questions.

Rob Davies
800-254-5200