The Centers for Medicare and Medicaid Services ("CMS") have set the Medicare premiums, deductibles, and coinsurance amounts to be paid by Medicare beneficiaries in 2011. Effective January 1, 2011, the following schedule of benefits, etc., will be applicable:
Medicare Part A
Medicare Part A provides for inpatient hospital, skilled nursing facility, and some home health care. The deductible for 2011 will be $1,132, resulting in an increase of $32 from this year's $1,100 deductible. Beneficiaries must pay an additional $283 per day for days 61 through 90 in 2011, and $566 per day for hospital stays beyond the 90th day in a benefit period. For beneficiaries in skilled nursing facilities, the daily co-insurance for days 21 through 100 in a benefit period will be $141.50 in 2011, compared to $137.50 in 2010.
Medicare Part B
Medicare Part B provides for a portion of physicians' services, outpatient hospital services, certain home health services, durable medical equipment, and other items. The premium for 2011 will be $115.40, resulting in an increase of $4.90 from this year's $110.50 premium. Notwithstanding the above, a large majority of beneficiaries will still continue to pay the $96.40 premium that they have been paying since 2008 due to the lack of a cost of living benefit increase for Social Security recipients.
Effective January 1, 2011
Basic Part B Premium: $115.40 per Month
Part B Deductible: $162.00 per Month
Part A Deductible: $1,132.00
Co-Payment for Hospital Stay (Days 61-90): $283.00 per Day
Co-Payment for Hospital Stay (Days 91+): $566.00 per Day
Skilled Nursing Facility Co-Payment (Days 21-100): $141.50 per Day
Copyright ©2010 Krause Financial Services, Inc.
