The Medicare Premiums and co-pays for 2005 are as follows:
Part A: (Hospital Insurance) Premium
Most people do not pay a monthly Part A premium because they or a spouse has 40 or more quarters of Medicare-covered employment.
The Part A premium is $206.00 for people having 30-39 quarters of Medicare-covered employment.
The Part A premium is $375.00 per month for people who are not otherwise eligible for premium-free hospital insurance and have less than 30 quarters of Medicare-covered employment.
Part B: (Medical Insurance) Premium
$78.20 per month.
Medicare Deductible and Coinsurance Amounts for 2005:
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 (2005 = $912) 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 total of $912 for a hospital stay of 1-60 days.
$228 per day for days 61-90 of a hospital stay.
$456 per day for days 91-150 of a hospital stay (Lifetime Reserve Days).
All costs for each day beyond 150 days
Skilled Nursing Facility Coinsurance
$114.00 per day for days 21 through 100 each benefit period.
Part B: (covers Medicare eligible physician services, outpatient hospital services, certain home health services, durable medical equipment)
$110.00 per year. (Note: You pay 20% of the Medicare-approved amount for services after you meet the $110.00 deductible.)
This information was taken from the medicare.gov website, at http://questions.medicare.gov/cgi-bin/medicare.cfg/php/enduser/std_adp.php?p_faqid=1560&p_created=1095443945.
Medicare, Georgia Bar Assn
Center for Medicare Advocacy
Medicare & You 2005 (pdf)
Medicare & You 2005 (Large Print Edition; pdf)
Choosing Long-Term Care, A Guide for People With Medicare (pdf)
© 2004, Law Office of David L. McGuffey, LLC
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