2020 Medicare Costs

December 3, 2019

Each year, Medicare adjusts some of the expenses that Medicare beneficiaries pay. These expenses can include premiums, deductibles, and late enrollment penalties. Here are a few notable changes in expenses for the different parts of Original Medicare.

Part A:

• Most people pay no monthly premium, but if you have to pay one, it will be up to $458 per month.
• The deductible for people with up to 60 days of Medicare-covered inpatient services in hospitals for each benefit period will go up to $1,408.

Part B:

• The standard monthly premium will go up to $144.60 per month.
• The deductible will go up to $198.

Part D and Medicare Advantage:

• The premiums depend on your plan.
• The Medicare Part D Coverage Gap, also called the "Donut Hole" will close completely, for both brand-name and generic prescriptions. If this gap has affected you, this means your prescription exenses may go down in 2020. Learn more.

Get more information about Medicare premiums in 2020.