Medicare Part B premiums will rise by 2.7% in 2021

The standard monthly premium for Medicare Part B will be $148.50 in 2021, officials announced Friday.

The $3.90 increase is 2.7% more than the 2020 figure of $144.60, according to information .released by the Centers for Medicare and Medicaid Services.

Deductable Medicare part B
The Centers for Medicare and Medicaid Services officially announced that Medicare part B costs will decreased next year

The deductible for Part B, which covers outpatient care, durable equipment and some other. services, will be $203 next year, up $5 from $198 in 2020.

Meanwhile, the deductible for Medicare Part A (hospital coverage), which is per benefit period (which generally starts when. you are admitted to the hospital) will be $1,484 in 2021, up $76 from this year’s $1,408.

 Source: CNBC

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