2012 Medicare Premium, Deductible & Co Insurance

Part A Premium

·         No Need to pay if already paid 40 or more quarters of MCR covered employment

·         30 – 39 Quarters Part A Premium $248 per month

·         Less than 30 Quarters of Medicare covered employment $451

Part B Premium

Part B Premium $99.90 in 2012, $15.50 decrease from 2011

Deductible & Co Insurance

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 (2012 = $1,156) 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 hospital stay of 1-60 days$1,156
• 61-90 of a hospital stay $289 
• 91-150 $578 per day for days  of a hospital stay (Lifetime Reserve Days).
• All costs for each day beyond 150 days

Skilled Nursing Facility Coinsurance

• $144.50 per day for days 21 -100 each benefit period.

Part B $140

Co Insurance 20%