2020 has been an unprecedented year, and many have been wondering how the pandemic and economic issues would impact Medicare costs in 2021.

People can now stop wondering. CMS has announced the Medicare cost increases for 2021.

Warn your clients: Medicare costs will be increasing in 2020. CMS has released an announcement on Medicare Part A and Medicare Part B premiums, deductibles and coinsurance amounts for 2020. The amounts are increasing.

Some retirees may see Medicare costs increase by as much as 203 percent. This is what HealthView Services, a company that provides health care cost projection software, uncovered in a recent analysis of changes to Medicare Part B and Part D coverage.