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Part A: (Hospital Insurance) Premium
- Most people get Part A automatically when they turn age 65. They do not have to pay a monthly payment called a premium for Part A because they or a spouse paid Medicare taxes while they were working.
- You pay up to $410.00 each month if you don't get premium-free.
- The Part A premium is $226.00 for those individuals having 30-39 quarters of Medicare covered employment.
Part B: (Medical Insurance) Premium
The Medicare Part B premium shown is the standard monthly Part B premium that most people will pay. Some people will pay a higher premium based on their modified adjusted gross income.
Learn More.
Original Medicare Plan Deductible and Coinsurance Amounts for 2007
Part A: (Hospital Insurance)
Deductible
- $992.00 (Per Benefit Period)
Coinsurance
- $248.00 a day for the 61st - 90th day each benefit period.
- $496.00 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 $124.00 a day for the 21st - 100th day each benefit period.
Part B: (Medical Insurance)
Deductible
- $131.00 per year. (Note: You pay 20% of the Medicare approved amount for services after you meet the $131.00 deductible.)
See Medicare & You for additional information about Original Medicare Plan coinsurance and copayment amounts.
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