The 2021 Medicare Part B (physicians and related services) premium will be $148.50 a month for most enrollees, an increase of $3.90. Those with annual taxable incomes above a threshold ($88,000 for single filers and $176,000 for joint filers in 2021) also pay surcharges.
The Part B annual deductible will rise by $5 to $203.
In Part A, which covers hospitalization and related costs, the deductible will rise to $1,484, an increase of $76, and proportionate boosts also will apply to coinsurance for periods longer than 60 days per benefit period, to $371 for days 6-90 and $742 for days 91 and beyond.
The average monthly premium for Part D prescription drug coverage (which only some federal retirees choose because it largely duplicates what is covered under FEHB plans) is remaining about the same, around $31 a month.