What’s New in Medicare for 2021?
Medicare is always changing to keep up with the status quo of the country’s healthcare system. The year 2020 brought many twists and turns with COVID-19, the election, and much more. Therefore, you should expect to see many new things in Medicare for 2021.
While some of these changes reflect the events of 2020, some of them are typical changes that tend to happen every year or new policies that have long been in the making.
Increased Medicare premiums, deductibles, and copays
Generally, Medicare increases costs, such as premiums, deductibles, and copays each year due to inflation and other factors. Fortunately, the new year’s increases aren’t as high as initially estimated because of the coronavirus pandemic.
The Centers for Medicare and Medicaid Services (CMS) determine the Pa...