2020 Medicare premiums and deductibles

2020 Costs of Medicare

Part A -Usually no premium

Inpatient Hospital

- $1408 deductible

Skilled Nursing

- days 1-20 no charge

- days 21-100 $176/day

Home Health Care

-no charge

Hospice

-no charge for care (bed charge)

Part B – 2020 premium is $144.60 $198 annual deductible

Doctor 80% / 20%

Lab Work 80% / 20%

X-rays 80% / 20%

Other Services 80% / 20%

Part D – Private Carrier that is contracted with Medicare, premium varies by plan

Deductible

-$435

Initial coverage limit of $4020

- 25% or tiers (your share is approx $1440)

Gap $6350

- brand 25%

- generic 25%

Catastrophic

- 5% or $3.60 or $8.95 whichever is more

Part C – Medicare Advantage

Private Carrier that is contracted with Medicare

Covers All Medicare Part A and Part B services and generally includes Rx coverage

Pays INSTEAD of Medicare

Is paid by Medicare per member per month

#Medicare #2020 #ABDC