JANUARY 2021
MEDICARE UPDATES FOR THE NEW YEAR
Did you know that the Part A & Part B Medicare deductibles can change each year? What about the per day charges for skilled nursing and inpatient hospitalization stays? Yep, you guessed it...those can change each year as well.
Here's the good news though:
WEA-MedPlus covers the Medicare deductibles and out-of-pockets costs no matter what they change to each year. Phew! Good thing WEA-MedPlus has you covered!
Here is a helpful chart of the Medicare out-of-pocket costs and how they changed from 2020 to 2021:
| |
Per Benefit Period |
2020 |
2021 |
Medicare Part A
Inpatient Hospitalization |
First 60 days |
Medicare pays all but
$1,408 deductible per
benefit period |
Medicare pays all but
$1,484 deductible per
benefit period |
| 61st to 90th day |
Medicare pays all but
$352 per day charge
per benefit period
|
Medicare pays all but
$371 per day charge
per benefit period
|
91st to 150th day
(after 91st day, using 60 lifetime reserve days) |
Medicare pays all but
$704 per day charge
per benefit period |
Medicare pays all but
$742 per day charge
per benefit period
|
Medicare Part A
Skilled Nursing Facility |
Days 1-20 |
Medicare pays 100%
of approved amounts |
Medicare pays 100%
of approved amounts |
| Days 21-60 |
Medicare pays all but
$176 per day charge
per benefit period |
Medicare pays all but
$185.50 per day charge
per benefit period |
| Days 61-100 |
Medicare pays all but
$176 per day charge
per benefit period |
Medicare pays all but
$185.50 per day charge
per benefit period |
Medicare Part B
Outpatient Medical Services |
Calendar Year |
Medicare pays 80% of
approved amount after
$198 deductible |
Medicare pays 80% of
approved amount after
$203 deductible |
Medicare Part B
Standard Premium
|
Monthly |
$144.60/month |
$148.50/month |
Now you can sleep well knowing that you are covered from head to toe!