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 650
    New York, New York 10165
    Telephone (212) 922-0711
    Facsimile (212) 922-0709

    4115 NW 60th Circle
    Boca Raton, Florida 33496
    561-989-9095

    Jay J. Sangerman & Associates
    Lanidex Executive Center
    100 Misty Lane
    Parsippany, New Jersey 07054
    (973) 739-9055

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