The Centers for Medicare & Medicaid Services (CMS) has released the following information regarding the Medicare premiums and deductibles that will become effective 2008.
| Part A |
| Hospital: | Deductible | $1,024.00 |
| Coinsurance | 1st through 60th day: $0
61st through 90th day: $256.00/day
91st through 150th day: $512.00/day |
| Skilled Nursing Facility | Coinsurance | 1st through 20th day: $0
21st through 100th day: $128.00/day |
Part A Premium (for voluntary enrollees only):
$423.00/month (if individual has 29 or fewer quarters of Social Security coverage)
$233.00/month (if individual has 30-39 quarters of Social Security coverage) |
| Part B |
| Deductible | $135/year |
| Premium | $96.40/month |
Part B Income-Related Premium
The 2008 Part B monthly premium rates to be paid by beneficiaries who file an individual tax return, including those who are single, head of household, qualifying widow(er) with dependent child, or married filing separately who lived apart from their spouse for the entire taxable year, or joint tax return are:
| Beneficiaries who file an individual tax return with income: | Beneficiaries who file a joint tax return with income: | Income-related monthly adjustment amount | Total monthly premium amount |
|---|
| Less than or equal to $82,000 | Less than or equal to $164,000 | $0.00 | $96.40 |
| Greater than $82,000 and less than or equal to $102,000 | Greater than $164,000 and less than or equal to $204,000 | $25.80 | $122.20 |
| Greater than $102,000 and less than or equal to $153,000 | Greater than $204,000 and less than or equal to $306,000 | $64.50 | $160.90 |
| Greater than $153,000 and less than or equal to $205,000 | Greater than $306,000 and less than or equal to $410,000 | $103.30 | $199.70 |
| Greater than $205,000 | Greater than $410,000 | $142.00 | $238.40 |
In addition, the monthly premium rates to be paid by beneficiaries who are married, but file a separate return from their spouse and lived with their spouse at some time during the taxable year are:
| Beneficiaries who are married but file a separate tax return from their spouse: | Income-related monthly adjustment amount | Total monthly premium amount |
|---|
| Less than or equal to $82,000 | $0.00 | $96.40 |
| Greater than $82,000 and less than or equal to $123,000 | $103.30 | $99.70 |
| Greater than $123,000 | $142.00 | $238.40 |
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