Medicare Insurance Update
The following is a listing of the Medicare premium,
deductible, and coinsurance rates:
Part A: (Hospital Insurance) Premium
- Most people do not pay a monthly Part A premium
because they or a spouse has 40 or more quarters of
- The Part A premium is $411.00 per month for
people who are not otherwise eligible for
premium-free hospital insurance and have less than
30 quarters of Medicare-covered employment.
Part B: (Medical Insurance)
Premiums $121.80 per month
Your monthly premium will be higher if you file an
individual tax return and your annual income is more
than $85,000, or if you are married (file a joint tax
return) and your annual income is more than $170,000.
Medicare Deductible and Coinsurance Amounts:
Part A: (pays for inpatient
hospital, skilled nursing facility, and some home health
care) For each benefit period Medicare pays all covered
costs except the Medicare Part A deductible ($1288) during the first 60 days and coinsurance amounts
for hospital stays that last beyond 60 days and no more
than 150 days.
For each benefit period you pay:
- A total of $1288 for a hospital stays of 1-60
- $322 per day for days 61-90 of a hospital stay.
- $644 per day for days 91-150 of a hospital stay
(Lifetime Reserve Days).
- All costs for each day beyond 150 days
Skilled Nursing Facility Coinsurance
- $161.00 per day for days 21 through 100 each
Part B: Covers Medicare
eligible physician services, outpatient hospital
services, certain home health services, durable medical
equipment, after an annual deductible of a $166.00. You
pay 20% of the Medicare approved amount for services
after you meet the $166.00 annual deductible.