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Showing posts with the label Medicare

Update to Medicare Deductible, Coinsurance & Premium Rates - 2021

Medicare Deductible, Coinsurance  Rates'2021 The Centers for Medicare & Medicaid Services (CMS) issued for the 2021 deductibles, coinsurance, and premium rates for beneficiaries covered through the Medicare fee for service program.  The 2021 deductible, coinsurance, and base premium rates are below and effective from 01/01/2021 2021 Part B - Supplementary Medical Insurance (SMI) Based on Part B, the Medicare Supplementary Medical Insurance (SMI) program, enrollees are subject to a monthly premium.  Most SMI services are subject to an annual deductible and coinsurance (percent of costs that the enrollee must pay), which are set by statute. Standard premium: $148.50 a month Deductible: $203.00 a year Pro-Rata  Data  Amount  $145.31  for  the  1st  month  $57.69  for  the  2nd  month Coinsurance: 20% 2021 Part A - Hospital insurance Deductible: $1,484.00 Coinsurance $371.00 a day for days 61 through 90 $742.00 a day for days 91 through150 (lifetime reserve days) $185.50 a day for