2020 M edicare C osts
Medicare Part B (Medical Insurance) Costs Part B Monthly Premium The standard Part B premium amount in 2020 is $144.60 or higher depending on your income. However, most people who get Social Security benefits pay less than this amount ($130 on average). Social Security will tell you the exact amount you’ll pay for Part B in 2020. You pay the standard premium amount (or higher) if: • You enroll in Part B for the first time in 2020. • You don’t get Social Security benefits. • You’re directly billed for your Part B premiums. • You have Medicare and Medicaid, and Medicaid pays your premiums. (Your state will pay the standard premium amount of $144.60 in 2020.) • Your modified adjusted gross income as reported on your IRS tax return from two years ago is above a certain amount. The information in this chart can be found at Medicare.gov/ your-medicare-costs/medicare-costs-at-a-glance. If you have questions about your Part B premium, call Social Security at 1‑800‑772‑1213. TTY users can call 1-800-325-0778. If you pay a late enrollment penalty, these amounts may be higher. Part B Deductible—$198 per year
Medicare Part A (Hospital Insurance) Costs Part A Monthly Premium Most people don’t pay a Part A premium because they paid Medicare taxes while working. If you don’t get premium-free Part A, you pay up to $458 each month. Hospital Stay In 2020, you pay • $1,408 deductible per benefit period • $0 for the first 60 days of each benefit period • $352 per day for days 61–90 of each benefit period • $704 per “lifetime reserve day” after day 90 of each benefit period (up to a maximum of 60 days over your lifetime) Skilled Nursing Facility Stay In 2020, you pay • $0 for the first 20 days of each benefit period • $176 per day for days 21–100 of each benefit period • All costs for each day after day 100 of the benefit period
File individual tax return
File joint tax return
File married & separate tax return
You Pay (In 2020)
$87,000 or less
$174,000 or less
$87,000 or less
$144.60
above $87,000 up to $109,000
above $174,000 up to $218,000 not applicable
$202.40
above $109,000 up to $136,000 above $218,000 up to $272,000 not applicable
$289.20
above $136,000 up to $163,000 above $272,000 up to $326,000 not applicable
$376.20
above $163,000 and less than $500,000
above $326,000 and less than $750,000
above $87,000 and less than $413,000
$462.70
$500,000 or above
$750,000 and above
$413,000 and above
$491.60
Information provided by Centers for Medicare and Medicaid Services
3 770-744-1855
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