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What Will Medicare Cost You in 2021?

Of the various expenses you’ll face during retirement, healthcare will likely be a big one. It’s important to understand what your Medicare costs will look like so you can accurately work them into your budget. Since Medicare changes from year to year, here’s what to expect out of Parts A and B in 2021.

Medicare Part A covers hospital and skilled nursing care. Most enrollees don’t pay a premium for it. However, you’ll still face other costs under Part A:

Keep in mind that if you manage to exhaust your lifetime reserve days for a hospital stay, you’ll be charged the full cost of your care.

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