Categories: Armed Forces News

Medicare Premium to Spike 17 Percent

The Department of Health and Human Services (HHS) has announced that the premium to be paid by Medicare beneficiaries enrolled in Medicare Part B will jump to $78.20 in 2005 This is an increase of $11.60 over the $66.60 premium in 2004. The new premium reflects general growth in health care costs, higher payments to physicians and Medicare Advantage coordinated care health plans under the Medicare Modernization Act, and a build of trust fund reserves, says HHS. Medicare Part B covers physician services, outpatient hospital services, certain home health services, durable medical equipment and other items. Military retirees and their spouses and survivors must be enrolled in Part B to be eligible for Tricare for Life benefits.

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