Flying Solo
Nextsteps FlyingSolo Our Store About Us Life Management Home


 
Browse Resources:

Columns

Divorce & Estate Planning

Divorce & Separation

Elderly & Disabled

Estate Planning

Frequently Asked Questions

General Elderly & Disabled

Long Term Care

Social Security & Medicare

State Information

Un-Married Couples

 
2004 Medicare Deductibles and Co Insurance
Site Admin

MEDICARE DEDUCTIBLES AND CO-INSURANCE FOR 2004


PART A PREMIUMS:

Hospital Insurance

$0.00 (No premiums) for individuals who have (or whose spouses have) at least 40 quarters of Medicare-covered employment.

$189.00 monthly premium for individuals with between 30-39 quarters of Medicare-covered employment.

$343.00 monthly premium for individuals with less than 30 quarters of Medicare-covered employment.


PART B -- Medical Insurance Paid by Everyone
$66.60 per month.


Coinsurance and Deductibles For Each Benefit Period:


Part A pays covered costs for inpatient hospital, skilled nursing facility, and some home health care during each benefit period as follows subject to the 2004 deductible of $876 during the first 60 days; except for coinsurance for hospital stays of greater than 60 days; but not to exceed 150 days.

This means that each Medicare Beneficiary pays the following during each Benefit Period for hospital stays:

$876 deductible for a hospital stay of between 1 and 60 days.

$219 per day for each day in the hospital from day 61 to day 90.

$438 per day for each day in the hospital stay from day 91 to day 150 (Lifetime Reserve Days).
Total Obligation for each day after 150 days
And each Medicare Beneficiary pays Coinsurance in a Skilled Nursing Facility As Follows:

$0 for each day from 1 through 20

$109.50 each day for days 21 through 100 during each benefit period.

Part B pays for eligible physician services, outpatient hospital services, some home health services, some durable medical equipment, etc. as follows:

$100.00 per year with the proviso that Medicare Beneficiary pays 20% of the Medicare-approved amount for services after meeting the $100.00 deductible.


For more information, see www.hhs.gov or click HERE



Need more advice or help with this topic? Click here to get information about taking the "Next Step".

Create your personal health plan now and make your wishes known ® using My Final Decisions

© 1986 - 2018 Jan Warner. Please See our Terms of Service and Privacy Policy.
Please feel free to contact us with any comments.

Planning Your Future with 20-20 Vision™


Today, more than 36 million Americans are age 65 or over. There are more than 22 million family-member caregivers. Then there are the Baby Boomers. All are grappling with the major decisions that accompany the latter stages of life. This book is for them. Written by two experts with decades of experience between them, it is a comprehensive guide that instructs readers about how to create a plan to deal with all aspects of aging, helps maximize options and ensure wishes are carried out.

Learn More
Order the book
When dementia may not be dementia Diagnostic Momentum
Create your personal health plan now and make your wishes known ® using My Final Decisions
Suggested Reading:
NS-Beware of Elective Share Claim in Planning
Click for more ....


NS-Boomers Will Not Have Retirement Cushion of Yesteryear
Click for more ....


NS-How To Properly Set Organ Donations
Click for more ....


NS-Keeping Unfit Parent From Trust
Click for more ....


NS-Never too Late to Date
Click for more ....


NS-Total Return Trust Can Create Income
Click for more ....


Our New Book is Out!
Click for more ....



Other
Recommended
Resources