Medicare costs changing for 2012
UPDATE: Learn about 2013 Medicare Rates and How They Affect You
The U.S Department of Health and Human Services made some important announcements this week
The 2012 Medicare Part B premium will raise $3.50, to $99.90 per month and the Medicare Part A deductible will raise from $1,132 in 2011 to $1,156 in 2012. Medicare Part B deductible, on the other hand will decrease by $22, from $162 in 2011 to $140 next year.
Medicare Part B includes support in coverage of physicians’ services, outpatient hospital services, certain home health services, durable medical equipment, and other items. Most people paid $96.40 for Medicare Part B per month in 2011.
The Medicare Part A deductible is paid for by some Medicare Supplement Insurance Plans. This deductible must be met before receiving coverage for in-hospitalization expenses and only counts for one benefit period. Each benefit period is 60 days, so you could end up paying the deductible more than once if it was more than 60 days since your last hospital visit. With some Medigap plans, your coverage included payment for the Medicare Part A deductible even if you’re in a separate benefit period.
To get more information about Medicare Supplement Insurance plans, talk to one of our Medigap plan representatives today or get a free quote today.
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