HealthDay News — The Medicare Part B premium for outpatient care will increase in 2021, and so will the deductible, Medicare officials announced on November 7.
The monthly premium for outpatient care will rise by $3.90 to $148.50, which will claim 20% 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% 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.