Part D Base Beneficiary Premium Will Grow Slightly in 2021

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.

© 2021 MMIT

Jinghong Chen Reporter

Jinghong produces infographics and data stories on health insurance and specialty pharmacy for AIS Health. She graduated from Missouri School of Journalism with a focus on data journalism and international reporting. Before joining AIS in 2018, she worked at WBEZ, Al Jazeera English and The New York Times Chinese.

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