Medicare has just announced the Part B costs for 2021.  While these costs tend to go up over time, they don’t necessarily go up every year.  Beginning January 1st, there will be a slight increase in the Part B Deductible from current $198 to $203.   The standard Part B premium costs will go from current $144.60 to $148.50 per month for most people.  I say most people because high income earners have to pay a surcharge depending on their tax return two years prior.

We are also in the Medicare Open Enrollment period (AEP) which will end December 7th.  This affects people with Part D drug Plans (PDP) and Medicare Advantage Plans (Part C) who may want to make a change.  Medicare Supplement Plans are not subject to the AEP.

Any questions regarding these changes or any other Medicare related question can be directed to me at the contact info below.

If you have questions about your Choices in Medicare, please contact me at David@ChoicesInMedicare.com or go to www.ChoicesInMedicare.com