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
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