MEDICARE PREMIUMS AND DEDUCTIBLES FOR 2007
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Hospital Deductible: $992 / benefit period
Hospital Coinsurance:
Days 0-60: $0
Days 61-90: $248 / day
Days 91-150: $496 / day
Skilled Nursing Facility Coinsurance
Days 0-20: $0
Days 21-100: $124 / day
Part A Premium (for voluntary enrollees only)
With 30-39 quarters of Social Security coverage: $226 / month
With 29 or fewer quarters of Social Security coverage: $410 / month
Part B
Deductible: $131 / year
Standard Premium: $93.50 / month
Part B Income-Related Premium
|
Beneficiaries who file an individual tax return with income: |
Beneficiaries who file a joint tax return with income: |
Income-related monthly adjustment amount |
Total monthly premium amount |
|
Less than or equal to $80,000 |
Less than or equal to $160,000 |
$0.00 |
$93.50 |
|
Greater than $80,000 and less than or equal to $100,000 |
Greater than $160,000 and less than or equal to $200,000 |
$12.30* |
$105.80* |
|
Greater than $100,000 and less than or equal to $150,000 |
Greater than $200,000 and less than or equal to $300,000 |
$30.90* |
$124.40* |
|
Greater than $150,000 and less than or equal to $200,000 |
Greater than $300,000 and less than or equal to $400,000 |
$49.40* |
$142.90* |
|
Greater than $200,000 |
Greater than $400,000 |
$67.90* |
$161.40* |
In addition, the monthly premium rates to be paid by beneficiaries who are married, but file a separate return from their spouse and lived with their spouse at some time during the taxable year are:
|
Beneficiaries who are married but file a separate tax return from their spouse: |
Income-related monthly adjustment amount |
Total monthly premium amount |
|
Less than or equal to $80,000 |
$0.00 |
$93.50 |
|
Greater than $80,000 and less than or equal to $120,000 |
$49.40* |
$142.90* |
|
Greater than $120,000 |
$67.90* |
$161.40* |
* Adjustments to these amounts were announced in 71 Fed. Reg. 55480 (Friday, September 22, 2006)
Medicare Advantage Eligibility
Must be enrolled in Medicare Parts A & B; enrollees are still in the Medicare program,
Must continue to pay the Part B premium ($93.50 / month in 2007),
Must live in the plan’s service area,
Must not have end-stage renal disease (ESRD) at time of enrollment.
© Center for Medicare Advocacy, Inc. 05/02/2008