2019 Medicare costs have been announced by the Centers for Medicare and Medicaid Services. The Medicare Part A annual deductible will be $1,364 in 2019, and the Part B deductible will be $185 in 2019. The monthly Part B premium will be $135.50.
Medicare Part A Cost 2019
In 2018, the annual deductible for Medicare Part A was $1,340. In 2019, beneficiaries will see a $24 increase in their deductible cost, with the amount rising to $1,364. Most beneficiaries won’t notice the small 1.7% increase in cost.
Most seniors don’t have to pay the monthly premium for Part A. However; there may be some instances where a person may have to pay the Part A premium. In these cases, 2019 costs are as followed:
- $437 per month for individuals who paid Medicare taxes for less than 30 quarters in the United States
- $240 per month for individuals who paid Medicare taxes for 30-39 quarters in the United States
Medicare Part B Cost 2019
In 2018, the standard Medicare Part B premium was $134 per month. In 2019, this cost will be rising $1.50, to $135.50 per month. This small increase should not make a significant impact on the dollar amount in monthly payments as compared to 2018.
The Part B premium might look different for you depending on your income. For example, a beneficiary who files an individual tax return with income greater than $85,000 but less than or equal to $107,000 might have to pay a monthly premium of $189.60 in 2019.
Additionally, the Part B deductible will rise as well. In 2018, it was $183. In 2019, the cost will increase by $2, to $185 per year. After you meet your yearly deductible, you will typically be responsible for 20% of the Medicare-approved amount for your medical expenses.
Medicare Cost 2019 Overview
Across the board, prices are slightly rising for Medicare. Beneficiaries will pay $1,364 for their Part A premium, $185 for their Part B deductible, and $135.50 for their Part B premium. Higher earners might pay more for their Part B premium, and those who do not qualify for a premium-free Part A will have to pay a monthly premium dependent on the amount of time they paid Medicare taxes. Medicare Part C 2019 costs will vary from plan to plan. Medicare Part D 2019 costs will also vary from plan to plan, with higher earners potentially paying more for their plan.