Here are some updates in Medicare and Social Security for 2020:
Starting January 1, 2020, the standard Part B premium will increase from $135.50 to $144.60 per month.
Next year you will see an increase of 1.6% in your Social Security benefits—an average of about $24 per month. In addition to the updated premium amounts, the Centers for Medicare & Medicaid Services announced an increase in the Medicare Part B annual deductible, from $185 in 2019 to $198 in 2020.
For some, there are federal and state programs that can help with the cost of Medicare premiums and prescription drugs. For information about these programs visit Medicare Interactive or contact the State Health Insurance Assistance Program (SHIP).