Javascript is not enabled.

Javascript must be enabled to use this site. Please enable Javascript in your browser and try again.

Skip to content
Content starts here
CLOSE ×

Search

Leaving AARP.org Website

You are now leaving AARP.org and going to a website that is not operated by AARP. A different privacy policy and terms of service will apply.

Medicare Premiums, Deductibles to Increase in 2020

Enrollees will pay more out of pocket for parts A and B


spinner image The official U.S. government Medicare handbook shown in an office as a SHINE (Serving Health Insurance Needs of Elders) program counselor helps a Medicare beneficiary review his current benefits during open enrollment
Tribune Content Agency LLC/Alamy Stock Photo

Medicare premiums and deductibles for parts A and B will increase in 2020, the Centers for Medicare and Medicaid Services (CMS) announced Friday. Standard monthly premiums for Part B will cost $9.10 more, rising to $144.60 in 2020, up from $135.50 in 2019.

Because premiums are based on income, Part B beneficiaries with annual incomes greater than $87,000 will pay more ($202.40 for individuals with incomes between $87,000 and $109,000, for instance). Part B covers doctor visits and other outpatient services, such as lab tests and diagnostic screenings. Annual Part B deductibles will rise $13 next year to $198, up from this year's $185, according to CMS.

spinner image Image Alt Attribute

AARP Membership— $12 for your first year when you sign up for Automatic Renewal

Get instant access to members-only products and hundreds of discounts, a free second membership, and a subscription to AARP the Magazine.

Join Now

The Part B increases for 2020 are larger than the slight ones levied on beneficiaries for this year. Federal officials attributed the increases to rising spending on drugs administered in doctors’ offices. “These higher costs have a ripple effect and result in higher Part B premiums and deductibles,” CMS said Friday in announcing the 2020 out-of-pocket costs.

Part A covers hospitalization and some nursing home and home health care services. The inpatient deductible that patients will pay for each hospital admission will increase by $44 in 2020 to $1,408, up from $1,364 this year. Almost all Medicare beneficiaries (99 percent) pay no Part A premium.

Open enrollment for Medicare began Oct. 15 and continues through Dec. 7. This is the one period during the year when beneficiaries can take stock of their coverage and make the choices that will best meet their health care needs.

Discover AARP Members Only Access

Join AARP to Continue

Already a Member?