Tuesday, February 21, 2017

MEDICARE COSTS AT A GLANCE

Below are the costs that most people will incur for medicare Part A and Part B.   If you choose to add a medicare supplement plan or a medicare advantage plan, you will still be responsible for the Part B premium.


2017 Costs at a Glance
Part A premiumMost people don't pay a monthly premium for Part A. If you buy Part A, you'll pay up to $413 each month.
Part A hospital hospital and inpatient deductible
 You pay: 
  • $1,316 deductible for each benefit period
  • Days 1-60: $0 coinsurance for each benefit period
  • Days 61-90: $329 coinsurance per day of each benefit period
  • Days 91 and beyond: $658 coinsurance per each "lifetime reserve day" after day 90 for each benefit period (up to 60 days over your lifetime)
  • Beyond lifetime reserve days: all costs
Part B premiumMost people pay $134 each month (or higher depending on your income).
Part B dectubile and coinsurance$183 per year. After your deductible is met, you typically pay 20% of the Medicare-approved amount for most doctor services (including most doctor services while you're a hospital inpatient), outpatient therapy, and durable medical equipment
Part C premiumPart C monthly premium varies by plan
Part D premiumThe Part D monthly premium varies by plan (higher-income consumers may pay more)
 This information comes from www.medicare.gov/your-medicare-costs

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