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Medicare Premiums and
Out-of Pocket Cost Sharing (2006)

 

On Friday, September 16, 2005, the U.S. Department of Health and Human Services announced that the Medicare Part B premium will rise to $88.50 a month in January of 2005.  This is an increase of $10.30—13 percent—over the 2005 monthly Part B premium of $78.20.  Medicare Part A deductibles and co-payments have also been increased for 2006.  For more information, please see the announcement in the Federal Register.

Medicare Part A



Hospital Deductible             

$ 952.00 per benefit period

Hospital Co-payment   

  • Days 61-90
  • Days 91-150

 

$ 238.00 per day
$ 476.00 per day

Skilled Nursing Facility Co-Payment

  • Days 21-100

$ 119.00 per day

Premium for Voluntary Enrollees

  • 30-39 Quarters of Coverage
  • Less than 30 Quarters of Coverage 


$ 216.00 per month
$ 393.00 per month



Medicare Part B



Deductible

$ 124.00 per year

Premium

$ 88.50 per month



Source: "Medicare Program; Medicare Part B Monthly Actuarial Rates, Premium Rate, and Annual Deductible for Calendar Year 2006," 70 Federal Register 55897, September 23, 2005.

 

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