Part D Base Beneficiary Premium Will Grow Slightly in 2021
August
27
The monthly Medicare Part D base beneficiary premium for 2021 will be $33.06, up from $32.74 in 2020, according to recent CMS projections. Meanwhile, the Part D national average monthly bid amount dropped slightly, from $47.59 in 2020 to $43.07 in 2021. While regional low-income premium subsidy amounts fluctuated over the past six years, 46 states are projected to see an increase in 2021. Hawaii is projected to see the biggest growth, with its average subsidy amount going up from $25.21 in 2020 to $31.12 in 2021.
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