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 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 working.

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 return.

 

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 $99.90
$85,001 to $107,000 $170,001 to $214,000 $139.90
$107,001 to $160,000 $214,001 to $320,000 $199.80
$160,001 to $214,000 $320,001 to $428,000 $259.70
Over $ 214,000 Over $428,000 $319.70

 

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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There are only 10 Standardized Medicare Supplement plans “A” through “N” to choose from.

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 company...

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 Medicare Supplement plan F or Medicare 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” through “N”.
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 insurance 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.

 

2013 Medicare Supplement Plan Comparison.

Choose a letter to see the plan summary.

A B C D F G K L M N

 

 

                 
Modernized Medicare Supplement Benefit Information beginning 06/01/2010 and updated for 2011
A
B
C
D
F
F*
G
K
L
M N
Medicare Part A Coinsurance and Hospital Benefits
check
check
check check
Medicare Part A Deductible

-

50%

75%

50% check
Medicare Part B Coinsurance or Co-payment
check
check
check
check
check
check
50%
75%
check Copay**
Medicare Part B Deductible
-
-
check
-
check
 

-

-

-

-

Medicare Part B Excess Charges
-
-
-
-
check 
check 

-

-

-

-

Blood (First Three Pints)
check
check
check
check
check
check
50%
75%
check

check

Foreign Travel Emergency (Up to Plan Limits)***
-
-
check
check

-

-

Hospice Care Coinsurance or Co-payment
check
check
check
check
check
check
50%
75%

check

check

Preventive Care Coinsurance
check
check

check

check

Skilled Nursing Coinsurance
-
-
50%
75%

Out-of-Pocket Limit           $2000*   $4,640**** $2,320****    
*2011 High Deductible Plan F pays NO Benefits until a $2000 deductible is met.

*Medicare Supplement Plan F also has a high deductible option. We don't recommend the high deductible plan F in most cases. If you select the high deductible plan F you have to pay the first $2,000 (deductible in 2010) in MediGap-covered costs before the MediGap policy pays anything.

*In some areas some companies will offer a Select Plan C & Select Plan F. The plans are the same as Plan C & Plan F except they will have network hospitals to use. Select Plan C & Select Plan F will have lower premiums.

**Plan N pays Part B coinsurance or co-payment except for an insured copay of up to $20 for each doctor's office visit and up to $50 for each emergency room visit ( emergency room copay waived if admitted as an inpatient).

***You must also pay a separate deductible for foreign travel emergency care ($250 per year). The plan pays 80% after the $250 deductible up to the plans lifetime limit of $ 50,000

**** On plans K & L Only. After you meet your out-of-pocket yearly limit of $4640 on plan K and $2320 on plan L and your $162 yearly Part B deductible, the plan pays 100% of covered services for the rest of the calendar year. We don't recommend these plans for most people.

 
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 services
 

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 amount
• 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


Publications:

Medicare at a Glance

Medicare & You

Choosing A MediGap Policy

Medicare's Guide to Preventive Services

Your Guide to What Medicare Part A & B Covers


 

HomeMedicare Supplement Plan Comparison Chart Before 06/01/2010 | Medicare Supplement Plan Comparison Chart For 2013| Medicare Supplement Quote Request | Contact Us

©Copyright 2013 The Medicare Channel All Rights Reserved. This website is a general description of benefits for Medicare Supplement plans. Although every effort is made as to the accuracy of the information on this website there is always the possibility of an error. If you see an error please contact us so we can correct it. The insurance policy will always determine benefits. Please contact us for an outline of coverage provided by each of the insurance companies we represent. Not all plans are available in all areas. If you submit a quote or information request a licensed agent will contact you. We engage in insurance sales only in the states in which we are properly licensed. We are currently licensed in AL, AR, AZ, CO, FL, GA, IA, ID, IL, KS, KY, LA, MD, MI, MO, MS, NE, NM, NC, OH, OK, SC, PA, TN, TX, VA & WV. Not affiliated with, authorized by or endorsed by the U.S. government or the federal Medicare program. For more information feel free to Contact Us.

   

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