2020 Medicare Update

Medicare Update 2020 The Centers for Medicare & Medicaid Services (CMS) issued the 2020 deductibles, coinsurance, and premium rates for beneficiaries covered through the Medicare fee for service program. The 2020 deductible, coinsurance and base premium rates are: 2020 Part A – Hospital insurance Deductible: $1,408.00 Coinsurance • $352.00 a day for 61st-90th day • $704.00 a day for 91st-150th day (lifetime reserve days) • $176.00 a day for 21st-100th day (skilled nursing facility coinsurance) 2020 Part B – Supplementary medical insurance (SMI) Under Part B of the Medicare supplementary medical insurance (SMI) program, enrollees are subject to a monthly premium. Most SMI services are subject to an annual deductible and coinsurance (percent of costs that the enrollee must pay), which are set by statute. Standard premium: $144.60 a month Deductible: $198.00 a year Coinsurance: 20% The Centers for Medicare & Medicaid Services has set the Part A deductible, for hospital stays, at $1,364 for 2019. The coinsurance per day in the hospital for 2019 is $341 from the 61st day until the 90th day. Part B deductible, for doctor and lab tests, is $185. Medicare Part B covers one flu shot per season, with no copay or deductible. For Skilled Nursing Facility stays, the coinsurance is $170.50 per day for days 21 to 100. This information is for Medicare,