Medicare Half B premiums will rise by 2.7% in 2021
bymuratdeniz | E+ | Getty Images
The standard monthly premium for Medicare Part B will be $148.50 in 2021, officials announced Friday.
The $3.90 increase is 2.7% more than the 2020 figure of $144.60, according to information released by the Centers for Medicare and Medicaid Services.
The deductible for Part B, which covers outpatient care, durable equipment and some other services, will be $203 next year, up $5 from $198 in 2020.
Meanwhile, the deductible for Medicare Part A (hospital coverage), which is per benefit period (which generally starts when you are admitted to the hospital) will be $1,484 in 2021, up $76 from this year’s $1,408.
More from Personal Finance:
Medicare beneficiaries say they’d take early Covid vaccine
Here’s how to handle an unexpected inheritance
Tips for getting your 2021 Medicare drug coverage right