2020 Medicare Deductibles
Your Medicare deductible is the amount you must pay out of pocket before the benefits of Medicare insurance begin to take effect. Once you satisfy your deductible, you may still have to pay copayments and coinsurance.
Learn more about deductibles below, including the Part A and Part B deductible amounts for 2020.
2020 Medicare Deductibles
Deductibles may be found in all four parts of Medicare — Medicare Parts A, B, C and D. Here’s a breakdown of each:
Medicare Part A
Medicare Part A has the most complex deductible.
For 2020, the Medicare Part A deductible is $1,408. However, this is not a yearly deductible. Rather, it is a deductible for each benefit period.
The benefit period begins the first day you enter a hospital or skilled nursing care facility for an inpatient stay.
Your benefit period ends when you have been out of the hospital or skilled nursing care facility for 60 consecutive days.
For example, if you were released from the hospital and returned home only to be readmitted to the hospital up to 60 days later, your deductible would not reset.
However, if you were to be readmitted on day 61, your deductible would reset and you would be responsible for another $1,408 out of pocket before your Medicare Part A benefits would kick in again for this second hospitalization.
Medicare Part B
The deductible for Medicare Part B is $198 per year in 2020.
After you spend this amount out of pocket on covered services, you will usually pay 20% of the Medicare-approved amount for most services.
Medicare Part C (Medicare Advantage)
The deductibles for Medicare Advantage plans are more like those of conventional private health insurance.
Part C plan deductible amounts will vary from one plan to the next. This is different from Medicare Part A and Part B (Original Medicare) where deductibles come at a fixed amount for everyone enrolled.
Medicare Advantage plans that offer prescription drug coverage may sometimes feature two different deductibles, with one being for medical costs and the other for prescription costs.
Medicare Part D (Prescription Drug Plans)
Some Part D plans feature $0 deductibles.
Medicare Part D will have deductibles that vary from one plan to another, much like those of conventional health insurance or Medicare Advantage plans.
You can compare Part D plans available where you live and enroll in a Medicare prescription drug plan online when you visit MyRxPlans.com.
Covering Your Deductibles
There is one way in which Medicare patients can reduce their Medicare Part A and Part B deductibles.
A Medicare Supplement Insurance plan, or “Medigap,” can provide coverage for Medicare Part A and Part B deductibles, among other out-of-pocket expenses.
There are several Medigap plans that offer full coverage for the Medicare Part A deductible and some plans that offer partial coverage.
To see how each Medigap plan compares, refer to the chart below.
Find a Medigap Plan That Helps Cover Your Medicare Deductible Costs
A Medicare Supplement Insurance plan can save you money by helping to pay for some of your Medicare deductible costs and other out-of-pocket Medicare costs.
Call today to speak with a licensed insurance agent who can help you compare Medigap plans in your area.
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Christian Worstell is a health care and policy writer for MedicareSupplement.com. He has written hundreds of articles helping people better understand their Medicare coverage options.