MEDICARE INFORMATIN FOR 2005

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 Medicare-covered employment.

· The Part A premium is $206.00 for people having 30-39 quarters of Medicare-covered employment.

· The Part A premium is $375.00 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) Premium
$78.20 per month.


Deductible and Coinsurance Amounts for 2005:

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 (2005 = $912) 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 $912 for a hospital stay of 1-60 days.

· $228 per day for days 61-90 of a hospital stay.

· $456 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

· $114.00 per day for days 21 through 100 each benefit period.


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

· $110.00 per year. (Note: You pay 20% of the Medicare-approved amount for services after you meet the $110.00 deductible.)


SOURCE: CENTERS FOR MEDICARE AND MEDICAID SERVICES