My good friends over at the Medicare program adjust patient out-of-pocket costs every year. This information is usually released each November for the upcoming calendar year. In fact, just last week, they went ahead and updated the numbers for the calendar year 2021. One of the more important numbers I like to keep an eye on is the inpatient Medicare Part A deductible. So let’s get to it. The inpatient Medicare Part A deductible is increasing...
Let’s get right to the point. In 2020, the Medicare Part B deductible came in at $198. This is a $13.00 increase from where we were in 2020. That’s a 7% increase year over year and a very similar increase to what we saw (on a percentage basis) with the Medicare Part A deductible. If you remember, the Medicare Part B premiums came in up 6.7% from where we were in 2019. Now a lot...
Well, it’s time to get back to business here at Max Out of Pocket. It is already February and we haven’t even touched on where Medicare Part B premiums came in for the calendar year 2020. Even though I am 30 years or so out from Medicare coverage, I still watch these numbers closely. You should too. They may come sooner than you think. So let’s get right to it. In 2020, the Medicare Part...
Ever wonder how much we will have to pay for Medicare Part A premiums? Probably not. It’s a long way off for many of us. For others, it’s not as far off as it used to be. Then there are some already on Medicare Part A and have absolutely no idea how much it is costing them in out-of-pocket premiums. Since I consider healthcare one of the pillars of personal finance, it’s important for us...
*Looking for the 2021 Medicare Part A deductible? Click here! My friends over at the Medicare program make adjustments to patient out-of-pocket costs every year. This information is usually released in November for the next calendar year. With the new year rolling in, I thought there was no better time than today to take a look at the 2020 Medicare Part A Deductible. The Medicare Part A Deductible is increasing by 3.23% for the calendar year...