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November 19, 2019 | Reminder: Medicare Deductibles Reset on January 1st, 2020

The Medicare deductible period is just around the corner and Chronic Care Management services are subject to the same annual deductible as other Medicare services, like in-office visits.

What is a deductible?

Like most insurance programs Medicare, and some Medicare Advantage Plans, require participants to meet a deductible every year.

A deductible is the amount that you must first pay out of your own pocket for health care before Medicare insurance coverage kicks in. The annual deductible for all Medicare Part B beneficiaries is $198 in 2020, an increase of $13 from the annual deductible of $185 in 2019.

Whether it is applied to visits to your doctors office, remote chronic care management or prescription coverage, the deductible must be paid before Medicare begins to cover your healthcare costs.

How does this impact me?

You may pay higher than average out of pocket costs for your regular healthcare expenses until you meet your deductible. For most people, this impacts the first few months of the year.

How do I know if I have a deductible/what my deductible is?

For specific cost information (like whether you’ve met your deductible, how much you’ll pay for an item or service you got, or the status of a claim), visit MyMedicare.gov.