Medicare Fees Are Changing January 2019
Last month, Centers for Medicare and Medicaid Services (CMS) announced the Medicare Parts A & B 2019 premiums, deductibles, and coinsurance.
What does that mean for you?
Medicare Part A
In 2019, there will be increases to the Medicare Part A deductible and coinsurance. Medicare Part A covers inpatient hospital, skilled nursing facility, and some home health care services.
The inpatient deductible will increase to $1,364 in 2019 (in comparison to the $1,340 deductible in 2018). For those beneficiaries who are in skilled nursing facilities, the daily coinsurance for days 21-100 will be $170.50.
Medicare Part B
The Medicare Part B deductible and premiums will also increase in 2019. The annual Medicare Part B deductible will be $185, while the monthly premium for Part B will increase to $135.50, from the $134.00 monthly premium in 2018).
Please note: Medicare beneficiaries who file individual tax returns with an income greater than $85,000 or Medicare beneficiaries who file joint tax returns with an income greater than $170,000 will pay more than the $135.50 Part B monthly premium.
For more information about how much your Medicare Part B premium will be in 2019, contact a Medicare agent.
Medicare Advantage & Medicare Prescription Drug Plans
Medicare beneficiaries can choose to enroll in a private Medicare Advantage plan to receive their Medicare benefits. Due to this choice, the premiums and deductibles for Medicare Advantage and Prescription Drug plans are already decided and unaffected by CMS’s announcement last month. According to CMS, on average, the 2019 Medicare Advantage premiums will decline by 6% while new benefits and new plan choices increase.
For more information on 2019 Medicare Parts A & B premiums, deductibles, and plan options, speak to a Medicare agent by contacting us at Caress Insurance Agency. We work with Scripps Affiliated Medical Groups to help answer all your Medicare questions.
Call us at 888-539-1415.