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The following is a
listing of the Medicare
premium, deductible, and
coinsurance rates that
will be in effect in
2007:
Medicare Premiums for
2007:
Part A: (Hospital
Insurance) Premium
-
Most people do
not pay a
monthly Part A
premium because
they or a spouse
has 40 or more
quarters of
Medicare-covered
employment.
-
The Part A
premium is
$226.00 for
people having
30-39 quarters
of
Medicare-covered
employment.
-
The Part A
premium is
$410.00 per
month for people
who are not
otherwise
eligible for
premium-free
hospital
insurance and
have less than
30 quarters of
Medicare-covered
employment.
Part B: (Medical
Insurance) Premium
$93.50 per month*
Medicare Deductible and
Coinsurance Amounts for
2007:
Part A:
(pays for inpatient
hospital, skilled
nursing facility, and
some home health care)
For each benefit period
Medicare pays all
covered costs except the
Medicare Part A
deductible (2007 = $992)
during the first 60 days
and coinsurance amounts
for hospital stays that
last beyond 60 days and
no more than 150 days.
For each benefit period
you pay:
-
A total of $992
for a hospital
stay of 1-60
days.
-
$248 per day for
days 61-90 of a
hospital stay.
-
$496 per day for
days 91-150 of a
hospital stay
(Lifetime
Reserve Days).
-
All costs for
each day beyond
150 days
Skilled Nursing Facility
Coinsurance
Part B:
(covers Medicare
eligible physician
services, outpatient
hospital services,
certain home health
services, durable
medical equipment)
Additional information
about the Medicare
premiums, deductibles,
and coinsurance rates
for 2007 is available in
the September 16, 2006
Fact Sheet titled, "Medicare
Premiums and Deductibles
for 2007"
on the
www.cms.gov
website.
*Note:
If your income is above
$80,000 (single) or
$160,000 (married
couple), then your
Medicare Part B premium
may be higher than
$93.50 per month. For
additional details, see
our FAQ titled: "Medicare
Part B Monthly Premiums
in 2007"
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