As you may or may not know the Medicare system is modified yearly, usually the Part B deductible goes up slightly as does the Part B Premium. Here are the changes for this year as announced today.
Basic Part B Premium will be $99.90 per month. That is down from $115.50 last year.*
Part B deductible has been decreased from $162 to $140.
Part A deductible was $1156. In 2012 it will be $1132.
Co-pays for hospital stays days 61-90 will go up to $289 per day ( was $283 per day)
Co-pays for hospital stays days 91 and over will be $578 per day ( was $566 per day)
Skilled Nursing facility co-payment for days 21-100 will be $144.50 per day. It is up from $141.50.
*As directed by the 2003 Medicare law, higher income beneficiaries will pay higher part B premiums than the basic amount. That number goes up to individuals making over $214,000 they would pay a monthly part B premium of $319.70.
Thanks for reading.
Eric Wilson is President of I Sell Health, Inc, a Chicago based insurance agency. He can be reached at 888-448-5370 or online at www.isellhealth.com