Medicare Part A (Hospital Insurance) Costs
Part A Monthly Premium Most people don’t pay a Part A premium
because they paid Medicare taxes while working. If you don’t get
premium-free Part A, you pay up to $458 each month.
Hospital Stay, in 2020, you pay
■ $1,408 deductible per benefit period
■ $0 for the first 60 days of each benefit period
■ $352 per day for days 61–90 of each benefit period
■ $704 per “lifetime reserve day” after day 90 of each benefit period (up to a maximum of 60 days over your lifetime)
Skilled Nursing Facility Stay, In 2020, you pay
■ $0 for the first 20 days of each benefit period
■ $176 per day for days 21–100 of each benefit period
■ All costs for each day after day 100 of the benefit period
Medicare Part B (Medical Insurance) Costs
Part B Monthly Premium
The standard Part B premium amount in 2020 is $144.60 or higher depending on your income. Social Security will tell you the exact amount you’ll pay for Part B in 2020.
You pay the standard premium amount (or higher) if:
■ You enroll in Part B for the first time in 2020.
■ You don’t get Social Security benefits.
■ You’re directly billed for your Part B premiums.
■ You have Medicare and Medicaid, and Medicaid pays your premiums. (Your state will pay the standard premium amount of $144.60 in 2020.)
■ Your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount.
If you’re in 1 of these 5 groups, here’s what you’ll pay.
The information in this chart can be found at Medicare.gov/your-medicare-costs/ medicare-costs-at-a-glance. If you have questions about your Part B premium, call Social Security at 1-800-772-1213. TTY users can call 1-800-325-0778. If you pay a late enrollment penalty, these amounts may be higher.
Part B Deductible - $198 per year
Medicare Advantage Plans (Part C) and Medicare Prescription Drug Plans (Part D) Premiums
Visit Medicare.gov/find-a-plan to get plan premiums. You can also call 1-800-MEDICARE (1-800-633-4227). TTY users can call 1-877-486-2048. You can also call the plan or your State Health Insurance Assistance Program (SHIP). To get the most up-to-date SHIP phone numbers, visit shiptacenter.org or call 1-800-MEDICARE.
Part D Monthly Premium
The chart below shows your estimated prescription drug plan monthly premium based on your income. If your income is above a certain limit, you will pay an income-related monthly adjustment amount in addition to your plan premium. The information in the chart above can be found at Medicare.gov/your-medicare-costs/medicare-costs-at-a-glance.
2020 Part D National Base Beneficiary Premium — $32.74
This figure is used to estimate the Part D late enrollment penalty and the income-related monthly adjustment amounts listed in the table above. The national base beneficiary premium amount can change each year. See your Medicare & You handbook or visit Medicare.gov for more information.
