Changes to Medicare can happen each year and it’s important to know what new Medicare provisions will take effect in 2020 so you will be prepared for the impact they’ll have on your benefits and budget. Outlined below are the changes to Medicare costs for Part A and Part B from 2019 to 2020:
| 2019 | 2020 | |
| Part A: premium | Most people don’t pay a monthly premium for Part A. If you buy Part A, you’ll pay up to $437 each month. | Most people don’t pay a monthly premium for Part A. If you buy Part A, you’ll pay up to $458 each month. |
| Part A: hospital deductible and coinsurance | You pay: $1,364 deductible (per benefit period)· Days 1-60: $0· Days 61-90: $341 per day Days 91-150: $682 per day Beyond 150 days: all costs | You pay: $1,408 deductible (per benefit period) Days 1-60: $0· Days 61-90: $352 per day Days 91-150: $704 per day Beyond 150 days: all costs |
| Part B: premium | Most people pay $135.50 each month | Most people pay $144.60 each month |
| Part B: deductible and coinsurance | $185 per year. After your deductible is met, you typically pay 20% of the Medicare-approved amount for outpatient services. | $198 per year. After your deductible is met, you typically pay 20% of the Medicare-approved amount for outpatient services. |
