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 2009:
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. Those with 30 to 39 quarters of covered
employment can buy into Part A coverage. If you have 30-39
quarters paid into the system you will pay $244 a month in 2009. If
have less than 30 quarters of covered employment you will pay $443
for Part A in
Part B Premiums
Most people on Medicare will pay $96.40 a
month for Part B in 2009.
The Part B
premiums did not change from the 2008 rates. Higher-income people will pay even more.
The Part B premium will most often be deducted from your Social
Security check. However, if you are not getting Social Security
Benefits yet because you are not eligible, Medicare will bill you
quarterly until you start receiving benefits.
Tax Return Income (Individual)
Joint Tax Return Income (Married Couples)
2009 Monthly Part B Premium
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 $213,000
$320,001 to $426,000
Over $ 213,000
If you’re on Medicare before Jan. 1, 2009, you’ll be told at the
end of 2008 about the 2009 rates. You'll also find out about any
related changes in your Social Security benefits. If you enroll
after then and must pay the higher premium, you’ll hear shortly
Deductibles and Co-payments
Part A Deductible: The 2009 Part A deductible is $1,068 per
illness, up $44 from 2008.
Part B Deductible: The 2009 Part B deductible is
$135, the same as it was in 2008.
Part A Co-payments: The Part A deductible covers
the first 60 days of a Medicare-covered hospital stay. Then you pay
$267 a day for days 61 through 90. After the 90th day, your co-pay
for lifetime reserve days is $534 a day.
Call to speak to an agent
here to start your free quote.
As an independent agent we have the
like to provide good old fashioned customer service.
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 12 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.
• Coinsurance for days 61-90 ($267 per day) and days 91-150
($534 per day) in hospital
• Payment in full for 365 additional hospital days
• 20% coinsurance for physician and other Medicare Part B
Medicare Part A Hospital Deductible
• The 2009 deductible is $1068
Skilled Nursing Facility (SNF) Coinsurance
• $133.50 a day for days 21-100 in a Skilled Nursing Facility in
Medicare Part B Yearly Deductible
• The 2009 deductible is $135
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
• While receiving skilled home care, extra home health aide
• Home health aides up to 40 visits after skilled care is no
• Maximum of $40 per visit to 40 visits per year, for total of $1,600 per
• Up to $120 per year for preventive services ordered by doctor