Medicare Premium Amounts for 2003
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.
-
$316.00 per month (Note: This premium is paid only by individuals who are not otherwise eligible for premium-free hospital insurance and have less than 30 quarters of Medicare covered employment).
-
The Part A premium is $174.00 for those individuals having 30-39 quarters of Medicare covered employment.
-
Part B: (Medical Insurance) Premium
-
$58.70 per month.
Original Medicare Plan Deductible and Coinsurance Amounts for 2003
-
Part A: (Hospital Insurance)
Deductible
-
$840.00 (Per Benefit Period)
-
Coinsurance
-
$210.00 a day for the 61st - 90th day each benefit period.
-
$420.00 a day for the 91st - 150th day for each lifetime reserve day (total of 60 lifetime reserve days - non-renewable).
-
Skilled Nursing Facility Coinsurance
-
up to $105.00 a day for the 21st - 100th day each benefit period.
-
Part B: (Medical Insurance)
-
Deductible
-
$100.00 per year. (Note: You pay 20% of the Medicare approved amount for services after you meet the $100.00 deductible.)
Jay J. Sangerman, PLLC
60 East 42nd Street - Suite 2218
New York, New York 10165
Telephone (212) 922-0711
Facsimile (212) 922-0709
4115 Briarcliff Circle
Boca Raton, Florida 33496
561-989-9092
Jay J. Sangerman, Esq.
Admitted in New Jersey
212-922-0711