Medicare premiums and deductibles for Parts A and B will increase slightly in 2019, the Centers for Medicare and Medicaid Services announced Friday. Standard monthly premiums will cost $1.50 more: $135.50, up from $134 in 2018.

Because premiums are based on income, beneficiaries with annual incomes greater than $85,000 will pay more ($189.60 for individuals with incomes between $85,000 and $107,000, for instance).

Annual deductibles will rise $2 next year to $185, up from this year’s $183, according to CMS.

As a reminder

Medicare Part B covers outpatient care and doctor visits; Part A covers hospitalization and some nursing home and home health care services. The inpatient deductible for hospital stays will increase by $24, to $1,364, next year.

If you are a high income earner, Medicare Part B is on a tier-system where the more you make, you might bump up into a higher premium level. You can check out the Medicare Part B schedule here. In order to continue to receive benefits under Medicare supplement or Medicare Advantage, you are required to keep Part B.

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