Medicare Premium Amounts for 2003
Part A: (Hospital Insurance) Premium
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Most people do not pay a monthly Part A premium because they or a spouse has 40 or more quarters of Medicare covered employment.
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$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).
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The Part A premium is $174.00 for those individuals having 30-39 quarters of Medicare covered employment.
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Part B: (Medical Insurance) Premium
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$58.70 per month.
Original Medicare Plan Deductible and Coinsurance Amounts for 2003
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Part A: (Hospital Insurance)
Deductible
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$840.00 (Per Benefit Period)
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Coinsurance
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$210.00 a day for the 61st - 90th day each benefit period.
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$420.00 a day for the 91st - 150th day for each lifetime reserve day (total of 60 lifetime reserve days - non-renewable).
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Skilled Nursing Facility Coinsurance
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up to $105.00 a day for the 21st - 100th day each benefit period.
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Part B: (Medical Insurance)
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Deductible
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$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
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New York, New York 10028
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