Good News For Medicare Part A & Part B Premiums for 2012
Each year Medicare sets how much you pay for its premiums,
deductibles, and co-payments for Part A & Part B. The table below
show the rates for Part B in 2012:
The reason you purchase a Medicare Supplement is to fill or cover
the Gaps and co-insurance left by Medicare Parts A & B.
The table below shows the Medicare Part B
premiums and is based on your last years tax return.
Part A Premiums:
Most people do not pay for Part A,
because they have paid Medicare taxes for 40 or more quarters while
Part B Premiums
The standard Part B premium for 2012
is $ 99.90. Good News if you enrolled in Medicare in 2011 your
premium will decrease $ 15.50 a month. See the chart below. So, most people with Medicare already
enrolled in Part B and are paying $ 96.40 will see the rates rise to
$ 99.90 a month and increase of $ 3.50 a month. If you are paying a
different amount your premiums will be adjusted to $ 99.90 a month
if your income is below $85,000 for an
individual or $170,000 for a married couple on your last years tax
Tax Return Income (Individual)
Joint Tax Return Income (Married Couples)
2012 Monthly Part B Premium
New 2012 Medicare enrollees
Up to $85,000
Up to $170,000
$85,001 to $107,000
$170,001 to $214,000
$107,001 to $160,000
$214,001 to $320,000
$160,001 to $214,000
$320,001 to $428,000
Over $ 214,000
Deductibles and Co-payments
Part A Deductible: The 2012 Part A deductible is $1,156 per
illness, up $24 from 2011.
Part B Deductible: The 2012 Part B deductible is
$140.00, down $ 22.00 from 2011.
Part A Co-payments: The 2012 Part A deductible
covers the first 60 days of a Medicare-covered hospital stay. Then
you pay $289 a day for days 61 through 90. After the 90th day, your
co-pay for lifetime reserve days is $578.00 a day.
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The standard chart was changed on June 1, 2010. The
new chart for 2011 has been posted on this website.
All of these plans are the same with every
insurance company offering the plan.
Not all plans are offered by every insurance
The one you select can make a difference on
how much your "out of pocket expenses" will be...
We help you make a wise choice...
Most of the time we recommend
Supplement plan F or
Supplement plan G
highlighted in the chart below in yellow. But the choice is
entirely up to you...
There are 10 standardized Medicare Supplement plans “A”
The benefits of each plan are different, with the exception
that all plans are required to cover the “Basic Benefits” which are identified
below. Medicare standardized the plans in 1990 to limit the consumer’s
confusion when comparing coverage offered by different
companies. With standardization, the consumer can easily
compare the benefits and the cost between the different
insurance companies offering the plans. The words "Medicare
supplement" and MediGap plans are interchangeable and mean
exactly the same thing. The descriptions
of benefits of each of these plans are in the table below.
How to read the
chart: If a check mark appears in the column, this
means that the MediGap policy covers that benefit up to
100% of the Medicare-approved amount. If a column
lists a percentage, this means the MediGap policy covers that
benefit at that percentage rate of the Medicare-approved
amount. If no percentage appears or if the column is blank,
this means the MediGap policy doesn't cover
that benefit. Note: The coverage of
coinsurance only begins after you have paid the deductible on
plans K & L. This does not apply to the Medicare Part B excess
charges in Plan G.
|2011 Basic Benefits
•Hospitalization Coinsurance for days 61-90 is ($283 per
day) and days 91 and after while using lifetime reserve days
is ($566 per day)
• Payment in full for 365 additional hospital days
• 20% coinsurance for physician and other Medicare Part B
Medicare Part A Hospital Deductible
• The 2011 deductible is $1132
Skilled Nursing Facility (SNF) Coinsurance
• $141.50 a day for days 21-100 in a Skilled Nursing
Facility in 2011
Medicare Part B Yearly Deductible
• The 2011 deductible is $162
Medicare Part B Excess Charges
• Difference between doctor's charge and Medicare's approved
• Up to 15% above the Medicare approved charge which is the
doctor’s maximum charge
Foreign Travel Emergency
• Pays 80% of the cost of emergency care during the first
two months of each trip after you pay a $250 deductible
• Lifetime maximum of $50,000