Home ►
billing news ►
Update to Medicare deductible, coinsurance, and premium rates for 2020
Last Modified: 11/4/2020
Location: FL, PR, USVI
Business: Part A, Part B
Effective date: January 1, 2020
Implementation date: January 6, 2020
The Centers for Medicare & Medicaid Services (CMS) issued the 2020 deductibles, coinsurance, and premium rates for beneficiaries covered through the Medicare fee for service program. The 2020 deductible, coinsurance and base premium rates are:
Deductible: $1,408.00
Coinsurance
• $352.00 a day for 61st-90th day
• $704.00 a day for 91st-150th day (lifetime reserve days)
• $176.00 a day for 21st-100th day (skilled nursing facility coinsurance)
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: $144.60 a month
Deductible: $198.00 a year
Coinsurance: 20%
Details are available in
MLN Matters® article
MM11542 
.
Source: MM11542
First Coast Service Options (First Coast) strives to ensure that the information available on our provider website is accurate, detailed, and current. Therefore, this is a dynamic site and its content changes daily. It is best to access the site to ensure you have the most current information rather than printing articles or forms that may become obsolete without notice.
