Medicare premiums and other costs will increase in 2021

The Centers for Medicare and Medicaid Services (CMS) recently announced the 2021 Medicare premiums and other costs will increase.  The basic monthly premium for Part B will increase to $148.50 and the annual deductible for Part increase to $203. The Medicare premium surtax or commonly known as the Income-Related Monthly Adjustment Amount (IRMAA) has increased as well. Read article here…

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