Medicare Premiums And Coinsurance Rates 2011-2012

Here is the report on the actual Medicare insurance premiums, deductibles, and coinsurance rates for 2011-2012:

Medicare Premiums

Medicare Part A: Hospital Insurance Premium

• Most people do not pay a monthly Medicare Part A premium since they or their husband or wife have 40 or more quarters of Medicare-covered employment

• For individuals having 30-39 quarters of Medicare-covered employment the Part A premium is $248.00 per month for 2011

• For those that are not otherwise eligible for premium-free hospital insurance and have less than 30 quarters of Medicare-covered employment the Part A premium is $450.00 per month

Medicare Part B: Medical Insurance Premium

Compared to 2010, most people will continue to pay the same premium of $96.40 or $110.50 in 2011. Beneficiaries who already have the Social Security Administration (SSA), withhold their Part B premium and have income of up to $85,000 (up to $170,000 for joint filers) will also not have an increase in their Part B premium for 2011.

For all other individuals, the standard Medicare Part B monthly premium will be $115.40 in 2011 (a 4.4% raise compared to the 2010 premium). The Medicare Part B premium is increasing in 2011 due to possible increases in Part B costs. For higher income levels – above $85,000 (singles) or $170,000 (married) – the Medicare Part B premium could be higher than $115.40 per month.

Medicare Deductible and Coinsurance Rates for 2011:

Part A: (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 (2011 = $1,132) 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 $1,132 for a hospital stay of 1-60 days

• $283 per day for days 61-90 of a hospital stay

• $566 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:

• $141.50 per day for days 21 through 100 each benefit period.

Part B: (Medicare eligible physician services, outpatient hospital services, certain home health services, durable medical equipment)

• $162.00 per year. (Note: You pay 20% of the Medicare-approved amount for services after you meet the $162.00 deductible.)

Additional information about Medicare premiums, deductibles, and coinsurance rates for 2011 for all States is available for download from http://www.cms.gov/Partnerships/downloads/statefactsheets_all.pdf.