2020 Medicare Premiums, Deductibles, and Cost-Sharing Amounts

Part A (Hospital Insurance)

Hospital Deductible

Beneficiary pays:
$1,408

per benefit period

Hospital Copayment

Beneficiary pays:

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

Skilled Nursing Facility Copayment

Beneficiary pays:

$176/day for days 21-100

Part A Premiums

Beneficiary pays:

Most people do not pay a monthly Part A premium because they or a spouse has 40 or more quarters of Medicare-covered employment.
$458/month for those with fewer than 30 quarters of Medicare-covered employment
$252/month for those with 30-39 quarters of Medicare-covered employment

Part B (Medical Insurance)

Annual Deductible

Beneficiary pays:
$198

per benefit period

Part B Premium

Beneficiary pays:
for those with incomes below $87,000 if single, $174,000 if married** (higher incomes see below)

$144.60/month – standard Part B Premium.

Most Part B covered services*

Beneficiary pays:

20% of amount Medicare approves

*Part B: covers Medicare eligible physician services, outpatient hospital services, outpatient mental health services, certain home health services, durable medical equipment

The above information was obtained from Medicare.gov.