2021 Medicare Part A and Part B Premiums and Deductibles

The Centers for Medicare & Medicaid Services have released the Medicare costs for 2022. Please see our most recent article, 2022 Medicare Part A and Part B Premiums and Deductibles, for current facts and figures.

CMS recently released their numbers for 2021 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs. Let’s see how these changes might affect your clients in the coming year.

Listen to this article:

Part B

On November 6, 2020, CMS announced that the monthly Medicare Part B premium will be $148.50 for 2021, an increase of $3.90 from $144.60 in 2020. The annual deductible for Medicare Part B beneficiaries increased $5, from $198 in 2019 to $203 in 2021.

Part A

Less than one percent of Medicare beneficiaries have a Part A premium, and that is if they do not have at least 40 quarters of Medicare-covered employment. The Medicare Part A inpatient hospital deductible that beneficiaries will pay when admitted to the hospital for 2021 will be $1,484, which is an increase of $76 from $1,408 in 2020. Part A coinsurance amounts will increase in 2021 as shown in the table below.

2021 Part A Deductible & Coinsurance Amounts
Type of Cost Sharing 2020 2021
Inpatient Hospital Deductible $1,408 $1,484
Daily Coinsurance for Days 61 to 90 $352 $371
Daily Coinsurance for Lifetime Reserve Days $704 $742
Skilled Nursing Facility Coinsurance $176.00 $185.50

A beneficiary’s Part B monthly premium is based on their annual income. Here’s how your clients’ annual incomes will affect their Medicare Part B monthly premiums for 2021.

File Individual Tax Return File Joint Tax Return Monthly Adjustment 2021 Part B Monthly Premium
$88,000 or Less $176,000 or Less $0.00 $148.50
$88,001 to $111,000 $176,001 to $222,000 $59.40 $207.90
$111,001 to $138,000 $222,001 to $276,000 $148.50 $297.00
$138,001 to $165,000 $276,001 to $330,000 $237.60 $386.10
$165,001 to $500,000 $330,001 to $750,000 $326.70 $475.20
$500,001 or More $750,001 or More $356.40 $504.90
File Separate Tax Return from Spouse Monthly Adjustment 2021 Part B Monthly Premium
$88,000 or Less $0.00 $148.50
$88,001 to $412,000 $326.70 $475.20
$412,001 or More $356.40 $504.90

● ● ●

As an insurance agent, it’s your job to be able to answer your clients’ questions around these cost increases and help them reassess their coverage if needed.

Editor’s Note: Table information is from The Centers for Medicare & Medicaid Services.

Share Post

Ritter Promotion

Related Posts


Like being the first to know? So do we. Join the thousands of independent agents getting the first word from Ritter.

Register with Ritter!