MEDICARE 2007
Every year there are many changes to the Medicare program which may directly affect you. As you may be aware Medicare premiums and deductible/coinsurance amounts change every year for Part A and Part B. If you are like most people, you do not pay monthly premiums for Part A because you or your spouse have over 40 + quarters of covered employment. However, if you are not one of these individuals the 2007 premiums follow:
If you have between 30 and 39 quarters of Medicare-covered credit your premium will be $226.00; If you have less than 30 quarters of Medicare-covered credits and not eligible for premium-free hospital insurance you premium will be $410.00; Part B premiums for 2007 are $93.50per month.
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Deductible and Coinsurance Amounts
The 2007 Medicare deductible is $992.00. Medicare will pay all inpatient hospital, skilled nursing and home health care costs minus the deductible.
If you are hospitalized for 1 to 60 days you will pay $992.00;
For the next 61-90 days you will pay $248.00 per day;
For the next 91-150 days you will pay $496.00 per day (Lifetime Reserve Days) and all costs beyond the 150th day.
If you need to be in a Skilled Nursing Facility you will pay $124.00 per day for days 21 through 100 (for each benefit period).
Medicare Part B will cover eligible physician services, some home health services and hospital outpatient service after you reach the $131.00 deductible per year. YOU pay 20% of the approved services after you meet this deductible. |
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More Information
Because Medicare Part D is so new and its details potentially subject to change by Congress or other government oversight agencies we will refer you to medicare's website: http://www.medicare.gov/pdphome.asp |
Or call 1-800-MEDICARE (24 hrs, 7 days per week)MEDICAID 2007
As to information regarding the Medicaid program please visit Medicaid's website at: www.cms.hhs.gov/home/medicaid.aspSOCIAL SECURITY RETIREMENT
If you are searching for information regarding Social Security Retirment benefits for yourself or a loved one you may wish to visit theSocial Security Administration's website.
If you have any suggestions as to what type of questions you would like answered, or how we can improve this page or the overall website please email us at:Info@socialsecurityadvocacygroup.com |
