Changes are coming to Medicare in 2021. Are you prepared? While this isn’t anything new, it is important to be aware of what changes are to come to ensure you have enrolled in the best plan for you and to prevent any surprises.
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In 2021 we can expect to see several premium increases, coverage changes, and more. If you’re worried about missing out on all the important modifications, don’t fret! We’re here to help. Follow along with our detailed list of all the 2021 Medicare changes every American must know!
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Part A Premiums Are Increasing
About 1-percent of people enrolled in Medicare Part A pay premiums while the others get it for free based on their (or their spouse’s) work history. Previous years have shown that Part A premiums are increasing and we should expect it for 2021.
People with over 30 quarters of work history, but less than 40 can expect their Part A premium to increase to $263 per month which is up from $252 per month in 2020. The projection for those with less than 30 quarters of work history is $478 per month in 2021 which is up from $458 per month in 2020. The finalized increase will be determined by the Centers for Medicare & Medicaid Services (CMS) later this year.