2020 CMS Updates from Van Dyck Law Group-What You Need to Know
Every year, the Centers for Medicare and Medicaid Services (CMS) releases the updated Medicare premiums, deductibles, and co-payments for the upcoming year. Here are the updates for 2020:
2020 Medicare Updates:
- Basic Part B premium: $144.60/month (was $135.50 in 2019)
- Part B deductible: $198 ($185.00 in 2019)
- Part A deductible: $1,408 (was $1,364 in 2019)
- Co-payment for hospital stay days 61-90: $352/day (was $341 in 2019); Co-payment for hospital stay days 91-150: $704/day (was $682 in 2019)
- All costs for each day beyond 150 days
- Skilled nursing facility co-payment, days 21-100: $176/day (was $170.50 in 2019)
Please note that individuals with annual incomes over $87,000 and married couples with annual incomes over $174,000 will pay a higher Medicare Part B premium, with a minimum monthly premium of $202.40.
2020 guidelines for how much spouses of institutionalized Medicaid recipients may keep:
- Maximum Community Spouse Resource Allowance: $128,640 (was $126,420 in 2019)
- Minimum Community Spouse Resource Allowance: $25,728 (was $25,284 in 2019)
- Maximum Monthly Maintenance Needs Allowance: $3,216 (was $3,160.50 in 2019)
- Minimum Monthly Maintenance Needs Allowance: $2,114 (thru June 30, 2020)
- Medicaid Waiver Benefits Income Cap: $2,349.00 per month (was $2,313 in 2019)
- Pennsylvania Medicaid penalty divisor: $10,732.83 ($352.86/day), as of 1/1/20
- New Jersey Medicaid penalty divisor: $351.84/day, since 4/1/19
2020 VA “Aid and Attendance” Benefit Figures
Single Veteran………………………………. $1,911/mo.
Married Veteran…………………………….$2,266/mo.
Widowed Spouse…………………………… $1,228 /mo.
