CMS Releases 2021 Medicare Part A & Part B Rates Impacting SNFs

Important information for Skilled Nursing Facility Admissions, Billers and Finance Departments! New Medicare Part A and Part B Deductibles and Premiums have been released for the 2021 calendar year. Effective January 1, 2021; the following rates will apply:

Medicare Part A SNF Coinsurance   $185.50/day (Beneficiary to pay $185.50/day after day 20 until end of Medicare Part A stay)
Medicare Part B Monthly Premium 

 $148.50* ($3.90 increase from 2020 rate)

*Medicare Part B Monthly Premium is established within a fee schedule. The 2021 rate ($148.50) is the lowest tier level.

Medicare Part B Annual Deductible  $203.00 ($5.00 increase from 2020 rate)

Annually, Medicare premiums, deductibles and coinsurances are updated according to the Social Security act. These updated rates are important information for the SNF Interdisciplinary team, as it impacts money collected from resident co-pays. 

Celtic Consulting ( serves skilled nursing home teams to enhance clinical and operational efficiency, revenue capture and retention. A leader in the Long-Term Care Industry, and frequently sought by several National, Regional and State professional associations for thought leadership.

At its core, Celtic provides Reimbursement and Regulatory advisory services, Clinical Performance and Enhancement services, PDPM/PPS/MDS/CMI Service, Medical Billing Division, Payroll-Based Journal (PBJ) Reporting guidance, 5-Star Improvement Programs (QAPI), Independent Review Organization (IRO) Audits, Clinical Care Management, Revenue Integrity Audits, Compliance Solutions including Medicare Compliance Auditing, and Litigation Support.

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