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Last Modified: 3/10/2021 Location: FL, PR, USVI Business: Part A, Part B

Update to Medicare deductible, coinsurance, and premium rates for 2021

Effective date: January 1, 2021
Implementation date: January 6, 2021

Summary

The Centers for Medicare & Medicaid Services (CMS) issued the 2021 deductibles, coinsurance, and premium rates for beneficiaries covered through the Medicare fee for service program. The 2021 deductible, coinsurance and base premium rates are:

2021 Part A - Hospital insurance

Deductible: $1,484.00
Coinsurance
$371.00 a day for days 61 through 90
$742.00 a day for days 91 through150 (lifetime reserve days)
$185.50 a day for days 21 through 100 (Skilled nursing facility coinsurance)

2021 Part B - Supplementary medical insurance (SMI)

Under Part B of the Medicare supplementary medical insurance (SMI) program, enrollees are subject to a monthly premium. Most SMI services are subject to an annual deductible and coinsurance (percent of costs that the enrollee must pay), which are set by statute.
Standard premium: $148.50 a month
Deductible: $203.00 a year
Coinsurance: 20%
Details are available in MLN Matters® article MM12024 external pdf file.
Source: MM12024
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