MONDAY, Nov. 9, 2020 (HealthDay News) — The Medicare Part B premium for outpatient care will increase next year, and so will the deductible, Medicare officials announced Friday.
The monthly premium for outpatient care will rise by $3.90 next year to $148.50, which will claim 20 percent of the average retired worker’s Social Security cost-of-living adjustment of $20 a month next year, the Associated Press reported.
Under law, the Part B premium must cover about 25 percent of the cost of Medicare’s supplemental insurance for outpatient services.
There will be a $5 increase in the Part B deductible, bringing it to $203 next year. The inpatient deductible will increase $76 to $1,484, the AP reported.