Medicare Part B premium 2020:
Rates and deductibles rising 7%
for outpatient care
Posted By: Mushroom, 11/10/2019 9:04:35 AM
Medicare Part B premiums and deductibles for outpatient care will increase in 2020. The Centers for Medicare and Medicaid Services announced the new 2020 rates Friday. For about 70% of Medicare beneficiaries, the premiums will rise nearly 7% to $144.60 a month, up from $135.50 in 2019. The $9.10 monthly increase follows a smaller $1.50 rise this year. Upper-income retirees pay higher premiums and those rates also are going up. The annual deductible for Part B coverage, which covers doctor visits and outpatient care, also will go up by 7% to $198 in 2020, an increase of $13 from the annual deductible of $185 in 2019.
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Medicare Part B premiums and deductibles for outpatient care will increase in 2020.
The Centers for Medicare and Medicaid Services announced the new 2020 rates Friday. For about 70% of Medicare beneficiaries, the premiums will rise nearly 7% to $144.60 a month, up from $135.50 in 2019.
The $9.10 monthly increase follows a smaller $1.50 rise this year. Upper-income retirees pay higher premiums and those rates also are going up.
The annual deductible for Part B coverage, which covers doctor visits and outpatient care, also will go up by 7% to $198 in 2020, an increase of $13 from the annual deductible of $185 in 2019.
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Remember that 1.6% Cola? There is still a bit left over. Mine is taxed, so There won't be much left at all. Gotta feed the bureaucrats!