The Centers for Medicare & Medicaid Services announced today increases in the Part B Medicare Premium and Annual Deductible for the 2013 Calendar Year.
Part B, the medical portion of Medicare, increases from $99.90 to $104.90 for most beneficiaries and higher for others depending on income. The Part B annual deductible will increase from $140 to $147.
There are also increases to the Part A Medicare program (hospital coverage). For the first 60 day stay, the deductible has increased $28 per day; days 61 through 90 show an increase of $7 per day; and days 91 through 150 will raise $14 a day. The payment for Skilled Nursing Facility Care increases $3.50 a day for days 21 through 100.
These changes were announced following a modest increase for Social Security recipients of 1.7 percent based on the Cost of Living Adjustment (COLA).
If you are on Original Medicare, your VibrantUSA Medicare Insurance Specialist can show you how a Medicare Supplement plan or Medicare Advantage plan can help you negate these rate increases. Call 866-733-5111.