What Is Medicare Deductible For 2020?

What Is Medicare Deductible For 2020?

What is Medicare Deductible For 2020?

The Medicare deductibles for 2020 and other years are listed below.

Medicare Part A

Inpatient Hospital Deductible Amount:

$1,364 for months in which you have Part A hospital insurance coverage and no other health insurance coverage with Part A benefits.

for months in which you have Part A hospital insurance coverage and no other health insurance coverage with Part A benefits. $147 for months in which you have both Part A and Part B hospital insurance coverage

for months in which you have both Part A and Part B hospital insurance coverage $0 if you have a Medicare Advantage Plan, a Medicare Prescription Drug Plan, or a Medicare Medical Savings Account (MSA)

Coinsurance Amount:

The “Coinsurance Amount” is the part of all costs for the first 60 days in a hospital for which you aren't liable. The Coinsurance Amount is up to $1,364 per benefit period.

Part A Expiration Amount:

Once you have been in a hospital for 60 days, the Coinsurance Amount is $0.

Part B

The “Coinsurance Amount” is the part of all costs for the first 20 visits for which you aren't liable. The Coinsurance Amount is up to $185 per year.

Deductible Amount:

The “Deductible Amount” is the part of all costs for all covered services for the rest of the year for which you aren't liable. The Deductible Amount is $185 per year.

Part B Expiration Amount:

Once you have been reimbursed the Deductible Amount, all covered services for the rest of the year are 100% free.

Part D

The “Coinsurance Amount” is the part of all costs for the first 100 days in a Part D drug plan for which you aren't liable. The Coinsurance Amount is up to $144 per year.

The “Deductible Amount” is the part of all costs for all covered drugs for the rest of the year for which you aren't liable. The Deductible Amount is $144 per year.

Part D Expiration Amount:

The Deductible Amount is no longer in effect once the Coinsurance Amount is reached.

Note: The above information is based on Medicare's published guidelines. For exact amounts, please consult your Medicare Summary Notice.

What Are Medicare Deductibles?

Medicare deductibles are the amounts of money that you are required to pay out of pocket in order to be eligible for coverage. The Medicare deductibles for 2020 and other years are listed in the chart above.

Medicare Part B & D Deductible Amount

For each Medicare part that you have, there is a Part B and a Part D deductible.

The Medicare Part B deductible amount is $185 per year.

The Medicare Part D deductible amount is $147 per year.

This means that, in order to be eligible for the coverage of Part B services, you must pay $185 out of pocket every year. If you have both Medicare Part B and Part D, you must pay both the Part B and Part D deductibles in order to be eligible for coverage.

Medicare Part A Deductible Amount

For Part A services, there is an inpatient hospital deductible amount of $1,364.

This means that, in order to be eligible for the coverage of Part A services, you must pay $1,364 out of pocket every year. In addition, you must still pay any coinsurance amounts for services provided in the hospital above and beyond the deductible amount.

Medicare Part A Expiration Amount

Once you have paid $1,364 in deductibles for Part A, you are no longer responsible for any additional costs.

Medicare Part B Expiration Amount

Once you have paid $185 in deductibles for Part B, you are no longer responsible for any additional costs (other than the Part B deductible for the following year).

Medicare Part D Expiration Amount

Once you have paid $144 in deductibles for Part D, you are no longer responsible for any additional costs (other than the Part D deductible for the following year).

Medicare Advantage Plans

You may have an option to pay for Medicare Advantage Plans in lieu of Part A, Part B, Part D or a combination of the three.

With Medicare Advantage Plans, your Part A, Part B, Part D, and prescription drug coverage are all rolled into one plan.

Medicare Advantage Plans can vary widely in terms of the services that they provide, cost, and quality of benefits.

In order to be eligible for Medicare Advantage Plans, you must pay the Medicare Part B deductible and applicable Medicare Part A and Part D deductibles in full for the applicable year.

Coordination of Benefits

If you have health insurance coverage through an employer in addition to Medicare, your employer's insurance will generally pay first and Medicare will pay second.

This is called coordination of benefits.

Under coordination of benefits, your employer's plan will pay what it would have paid if you did not have Medicare. You are then responsible for paying any amounts that Medicare would not have paid.

This means that you are responsible for paying your deductible amounts and coinsurance amounts.

If you are in a hospital setting, you are only responsible for paying coinsurance amounts for the first 60 days.

What Is Part A Deductible?

Medicare Part A deductible is the amount that you are required to pay out of pocket in order to be eligible for coverage of Part A services.

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