Medicarebob

The Medicare premiums, deductibles and co-payment amounts have been officially updated for 2020. Social security saw a rather small increase of only 1.6%, which will be eaten up by Medicare’s Part B premium increase. 2020 Medicare Part A Deductible and Coinsurance Inpatient hospital deductible: $1,408.00 Daily Coinsurance Days 61-90: $352.00 Daily Coinsurance-Lifetime Reserve: $704.00 Skilled Nursing Facility Days 21-100: $176.00 2020 Medicare Part B Premium and Annual Deductible Standard Monthly Premium: $144.60 Annual Deductible: $198.00 How will the Medicare Part B annual deductible increasing impact you if you have a Medicare Supplement? If you have a Medicare Supplement Plan F, the deductible is paid for you so you would not have to worry about that increase as far as what your out-of-pocket costs are going to be. If you have the Medicare Supplement Plan G, then the only out-of-pocket cost that’s going to increase for you is the Part B deductible going up $13.00 from $185 to $198. If you ha