Medicare Premiums
MEDICARE ANNOUNCES PREMIUMS, DEDUCTIBLES, COPAYMENTS FOR 2020
The Centers for Medicare & Medicaid Services (CMS) recently announced 2020 premiums, deductibles, and copayments for Medicare Part A, Medicare Part B, and Medicare Supplements:
- Monthly Medicare Part B premium - $144.60 standard premium for most (see Part B premium table below for income related amounts)
- Annual Medicare Part B deductible - $198 annual
- Monthly Medicare Part A premium - $458 per month
- Medicare Part A hospital deductible - $1,408 per benefit period
- Part A copayment (hospital days 61-90) - $352 per day
- Part A copayment (hospital days 91-150) - $704 per day
- Part A copayment (Skilled Nursing Facility Care days 21-100) - $176 per day
- Annual deductible Plan HDF and Plan F+ - $2,340
- Annual out-of-pocket expense limit for Plan K - $5,880
- Annual out-of-pocket expense limit for Plan L - $2,940
Part B Monthly Premium
You pay a Part B premium each month. Most people will pay the standard premium amount. However, 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 premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium. In 2020, the standard Part B premium will be $144.60 (or higher depending on your income).
| If your yearly income in 2018 (for what you pay in 2020) | ||||
| File individual tax return | File joint tax return | File married & separate tax return | You pay in 2019 | You pay in 2020 (2018 income) |
| $87,000 or less | $174,000 or less | $87,000 or less | $135.50 | $144.60 |
| above $87,000 up to $109,000 | above $174,000 up to $218,000 | N/A | $189.60 | $202.40 |
| above $109,000 up to $136,000 | above $218,000 up to $272,000 | N/A | $270.90 | $289.20 |
| above $136,000 up to $163,000 | above $272,000 up to $326,000 | N/A | $352.20 | $376.00 |
| above $163,000 up to $500,000 | above $326,000 up to $750,000 | above $87,000 and less than $413,000 | $433.40 | $462.70 |
| $500,000 or above | $750,000 and above | $413,000 and above | $460.50 | $491.60 |
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 should call 1‑877‑486‑2048 (24 hours a day/7 days a week). You can also call the plan or your State Health Insurance Assistance Program.
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.
| If your yearly income in 2018 (for what you pay in 2020) | ||||
| File individual tax return | File joint tax return | File married & separate tax return | You paid in 2019 | You pay in 2020 (2018 income) |
| $87,000 or less | $174,000 or less | $87,000 or less | Your plan premium | Your plan premium |
| above $87,000 up to $109,000 | above $174,000 up to $218,000 | N/A | $12.40 + plan premium | $12.20 + plan premium |
| above $109,000 up to $136,000 | above $218,000 up to $272,000 | N/A |
$31.90 + plan premium |
$31.50 + plan premium |
| above $136,000 up to $163,000 | above $272,000 up to $326,000 | N/A | $51.40 + plan premium | $50.70 + plan premium |
| above $163,000 up to $500,000 | above $326,000 up to $750,000 | above $87,000 up to $413,000 | $70.90 + plan premium | $70.00 + plan premium |
| $500,000 or above | $750,000 and above | $413,000 and above | $77.40 + plan premium | $76.40 + plan premium |
2020 Part D National Base Beneficiary Premium—$32.74 in 2020
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.
For more information about Medicare costs, visit Medicare.gov.
