Medicare Costs Rise

The monthly premium paid by those receiving Medicare Part B (primarily physicians’ services) benefits are rising to $93.50 for most enrollees, although those with incomes over $80,000 will see premiums rise on a phased-in scale up to $162.10 monthly. The Part B annual deductible will rise to $131, the Part A (hospital insurance) deductible is rising to $992 for the first 50 days per benefit period and the coinsurance requirements is increasing to $248 a day for the 61st-90th day per benefit period and to $496 a day above 90 days. Those new figures represent increases of several dollars each.