Last Updated: Nov 13, 2019
The 2020 Medicare Parts A (inpatient hospitals) and B (physician and outpatient hospital services) premiums and deductibles were announced by the Centers for Medicare and Medicaid Services (CMS) on Nov. 8, 2019.
The standard monthly premium for Medicare Part B enrollees will be $144.60 for 2020, an increase of $9.10 from $135.50 in 2019.
The following deductibles and coinsurances will be in effect for 2020:
- $352 a day for days 61-90
- $704 a day for lifetime reserve days
- $176 a day for Skilled Nursing Facility coinsurance
After the deductible is met, beneficiaries typically pay 20 percent of the Medicare-approved amount for most doctor services (including most doctor services while the beneficiary is a hospital inpatient), outpatient therapy, and durable medical equipment.
For more details, check out CMS’ Medicare Part A & B Premiums and Deductibles fact sheet here.
Pennsylvania Medical Society (PAMED) members with questions can also contact our Knowledge Center at 855-PAMED4U (855-726-3348) or KnowledgeCenter@pamedsoc.org.