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Keith Hutson / June 2, 2020

Medicare Cost Information

Below is a list of medicare premiums, deductibles and cost-sharing amounts for 2020:

Part A

Premiums

$0/month if you or your spouse have more than 40 quarters of medicare covered employment

$252/month if you or your spouse have 30-39 quarters of medicare covered employment

$458/month if you or your spouse have fewer than 30 quarters of medicare covered employment

Hospital deductible: $1,408/benefit period

Hospital Copayment: $352/day for 61-90 days  $704/day for 91-150 days

Skilled Nursing Facility Copayment: $176/day for 21-100 days

Part B

Premiums

$144.60/month     Single MAGI $87,000 or less               Joint MAGI $174,000 or less

$202.40/month     Single MAGI $87,001-$109,000          Joint MAGI $174,001-$218,000

$289.20/month     Single MAGI $109,001-$136,000        Joint MAGI $218,001-$272,000

$376.00/month     Single MAGI $136,001-$163,000        Joint MAGI $272,001-$326,000

$462.70/month     Single MAGI $163,001-$500,000        Joint MAGI $326,001-$750,000

$491.60/month     Single MAGI Above $500,000             Joint MAGI Above $750,000

Annual deductible $198

Beneficiary also pays 20% of approved amount after deductible is met

Part D

Premiums

$0/month            Single MAGI $87,000 or less              Joint MAGI $174,000 or less

$12.20/month     Single MAGI $87,001-$109,000          Joint MAGI $174,001-$218,000

$31.50/month     Single MAGI $109,001-$136,000        Joint MAGI $218,001-$272,000

$50.70/month     Single MAGI $136,001-$163,000        Joint MAGI $272,001-$326,000

$70.00/month     Single MAGI $163,001-$500,000        Joint MAGI  $326,001-$750,000

$76.40/month     Single MAGI Above $500,000             Joint MAGI Above $750,000

Filed Under: over 65 senior info

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