Medicare Copay, Deductibles And Premiums For 2010

2010 Medicare Copay, Deductibles And Premiums Revised

Medicare Copay, deductibles and premiums will change in 2010. The Part A inpatient hospital deductible will increase by approximately 4% while the Part B annual deductible will increase by approximately 8%. The annual premiums for Part D will increase by approximately 27%.

Please Refer to the Comparison Tables Below. These tables compare the 2009 and 2010 benefits and the Medicare Copay, deductibles and premiums associated with Medicare Part A, Part B and Part D.

What Is Medicare Video

Medicare Benefits For Part A

Benefits For Medicare	2010 Out-Of-Pocket Cost	2009 Out-Of-Pocket Cost	Increased Cost
Part A Benefits	Part A Cost	Part A Cost	Part A Cost
Inpatient Hospital	$1112 Deductible For First Stay During a Year	$1068 Deductible For First Stay During a Year	$44
Day 1 Through Day 60	$0	$0	$0
Day 61 Through Day 90	$278 Per Day 61 Through 90	$267 Per Day 61 Through 90	$11
60 Day "Lifetime Reserve"	$556 Per Day	$534 Per Day	$22
Skilled Nursing Facility Day 1 through Day 20	$0 Day 1 Through Day 20	$0 Day 1 Through Day 20	$0
Skilled Nursing Facility Day 21 through Day 100	$139 Day 21 Through Day 100	$133.50 Day 21 Through Day 100	$5.50
Hospice Care For Terminally Ill	Nominal Coinsurance For Drugs And Resite Care	Nominal Coinsurance For Drugs And Resite Care	$0
Home Health Care For Homebound Needing Skilled Care	$0	$0	$0

Medicare Benefits Part B

Benefits For Medicare	2010 Out-Of-Pocket Cost	2009 Out-Of-Pocket Cost	Increased Cost
Part B Benefits	Part B Cost	Part B Cost	Part B Cost
Annual Deductible	$146	$135	$11
Physician And Other Medical Services	20% Of Medicare Approved Amount	20% Of Medicare Approved Amount	$0
Outpatient Hospital Care	20% Of Medicare Approved Amount	20% Of Medicare Approved Amount	$0
Ambulatory Surgical Services	20% Of Medicare Approved Amount	20% Of Medicare Approved Amount	$0
Laboratory Services	$0	$0	$0
Outpatient Mental Health Services	50% Of Medicare Approved Amount	50% Of Medicare Approved Amount	$0

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Benefits For Medicare	2010 Out-Of-Pocket Cost	2009 Out-Of-Pocket Cost	Increased Cost
Part D Benefits	Part D Cost	Part D Cost	Part D Cost
Premium	Approximately $564 Per Year or $47 Per Month. Premiums Vary By Insurance Company	Approximately $444 Per Year or $37 Per Month. Premiums Vary By Insurance Company	$120
Deductible	$0 to $310 Annually Depending on Plan	$0 to $295 Annually Depending on Plan	$15
Coinsurance	25% of Cost From $311 to $2830	25% of Cost From $295 to $2510	$16 to $320
Coinsurance	100% of Cost From $2831 to $6440	100% of Cost From $2510 to $5726	$0
Coinsurance	If Over $6440 Either You Pay: The Greater of Either 5% of the Precsription Drug Costs or $2.50 For Generic or $6.30 For Brand-Name Prescription Drugs. Medicare D Pays The Lessor of Either: 95% of the Prescription Drug Cost or the Balance of the Prescription Drug Cost. Out of Pocket Threshold $4550	Nominal Cost Sharing Above $5726, Out of Pocket Threshold $4350	Varies

Need Medigap Coverage?

If Out-of-Pocket Medicare Copay Expenses and Coverage Gaps are a concern of yours, you might consider obtaining a Medicare (Medigap) Supplement Policy or a Medicare Advantage Plan. Some of the Medigap plans pay 100% of all the Part A and Part B annual premiums, deductibles and coinsurance cost. Depending on your age, the annual premium for a Medicare (Medigap) Supplement policy may be less than the cost of the $1112 deductible charged on your first day of a inpatient hospital stay. All of the benefits for Medicare (Medigap) Supplement plans have been standardized by the Federal Government. For example, a Medicare Supplement Plan “F” includes the same benefits regardless of the insurance company. The reputation of the insurance carrier, their policy premiums and the agent's service should be the determining factor of any insurance purchase. You may obtain a list of licensed insurance carriers in your area from your state insurance department.