Russo Law Group

MEDICARE 2020 FIGURES

MEDICARE PART A: HOSPITAL SERVICES
Inpatient hospital deductible$1,408/illness
Daily co-insurance$0/day 1-60
$352/day 61-90
$704/day 91-150
Skilled Nursing Facility (SNF)
Daily co-insurance amount
$0/day 1 – 20
$176/day 21 – 100
Part A Premiums
For those not otherwise entitled to Part A Benefits who purchase Medicare coverage
Medicare Covered Employment –
– Less than 30 quarters: $458/month
– 30 to 39 quarters: $252/month
(if you pay a late enrollment fee – the
premium could be higher)
MEDICARE PART B: PHYSICIAN SERVICES
Deductible$198 per year
Co-Insurance20% of approved charge
Balance Billing15% of approved charge
MEDICARE PART B PREMIUMS: YOU PAYIF YOUR YEARLY INCOME IS
SINGLEMARRIED COUPLE
$144.60$87,000 OR LESS$174,000 OR LESS
$202.40$87,001-109,000$174,001-218,000
$289.20$109,001-136,000$218,001-272,000
$376.00$136,001-163,000$272,001-326,000
$462.70$163,001-500,000$326,001-750,000
$491.60$500,000 OR ABOVE$750,000 OR ABOVE

For more information on Medicare you can visit us at www.vjrussolaw.com. Additionally, we also have information and resources on Medicaid, Social Security, Veterans Benefits, Elder Law, Special Needs Planning and Estate Planning. Please do not hesitate to contact us with any questions or comments.

100 Quentin Roosevelt Blvd. | Suite 102 | Garden City, NY 11530
PHONE 516-683-1717 | FAX 516-683-9393

Garden City | Lido Beach | Islandia | Bay Shore | Manhattan

vjrussolaw.com


2 Responses to “Medicare 2020 Figures”

  1. maureen wallenstein

    Does the pmt amount for Medicare refer to gross income or adjusted gross income? What tax year are they looking at to come up with what I’ll be paying in 2020?

    Reply
    • Russo Law Group, P.C.

      Thank you for your question. Please note that Medicare uses the modified adjusted gross income reported on your IRS tax return from 2 years ago. For example, for 2020, Medicare will use your 2018 figures.

      Thank you and have a great day.

      Sincerely yours,
      Kim N. Christian, Esq. | Partner

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