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
171 East 84th Street - Unit 21B
New York, New York 10028
Telephone (212) 922-0711
Facsimile (212) 439-0056
 

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