2021 Medicare Costs Released Today

Medicare’s costs are going up but Medicare Advantage insurance options have improved and costs have decreased.

Medicare announced 2021 costs today and we have the highlights and details.

  • Medicare Part B based premium will be $148.50
  • Medicare Part B deductible will be $203
  • A 34% decrease in average monthly premiums for Medicare Advantage plans since 2017
  • More than 4,800 Medicare Advantage plans are offered for 2021, compared to about 2,700 in 2017
  • Medicare.gov has an insulin savings filter which can save a minimum of $446 per year for diabetics

Read the press release from Medicare here

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