Update to Medicare Deductible, Coinsurance and Premium Rates for 2014

The Centers for Medicare and Medicaid Services (CMS) has released the 2014 deductible, coinsurance and premium rates. CMS announced that premiums for Medicare Part B will remain flat in 2014 and the Medicare Part B deductible will remain $147.00 as it was in 2013. Premiums for Medicare Part B will remain at $104.90, the same as it was in 2013.

The Medicare Part A premium will decrease $15.00 in 2014 to $426.00. Part A pays for inpatient hospital care, skilled nursing facilities and some home care services; however, 99% of Medicare users do not pay premiums for Part A.

The Medicare Part A deductible that beneficiaries pay when admitted to the hospital will be $1,216 in 2014, an increase of $32 from this year’s $1,184 deductible.  The deductible covers beneficiaries’ costs for up to 60 days of Medicare-covered inpatient hospital care in a benefit period. Beneficiaries must pay $304 per day for days 61 through 90 in 2014, and $608 per day for hospital stays beyond the 90th day. For additional information and to read the Transmittal, click