Medicare Part B premium 2020: Rates and deductibles rising 7% for outpatient care
Kelly Tyko
USA TODAY
Medicare Part B premiums and deductibles for outpatient care will increase in 2020.
The Centers for Medicare and Medicaid Services announced the new 2020 rates Friday. For about 70% of Medicare beneficiaries, the premiums will rise nearly 7% to $144.60 a month, up from $135.50 in 2019.
The $9.10 monthly increase follows a smaller $1.50 rise this year. Upper-income retirees pay higher premiums and those rates also are going up.
The annual deductible for Part B coverage, which covers doctor visits and outpatient care, also will go up by 7% to $198 in 2020, an increase of $13 from the annual deductible of $185 in 2019.
The announcement comes a nearly a month after the Social Security Administration set a modest 1.6% cost-of-living adjustment to benefits in 2020, which works out to approximately $24 a month for the average retired worker.
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https://www.usatoday.com/story/money/2019/11/09/medicare-part-b-2020-deductibles-premiums-increasing/2541901001/
