The Centers for Medicare & Medicaid Services (CMS) announced late last week what the new premiums and deductibles for Medicare Part A and Part B are going to be for 2010. The Notices were published in the Federal Register today and include comprehensive information about these changed.
Amongst the changes, the Medicare Part A Deductible will increase $32 to $1,100 and additional premium increases will also occur. The Medicare Part B premium will remain $96.40, for most beneficiaries and the deductible will come in at $155. With the increase in many rates, many Medicare subscribers are encouraged to consider enrolling in a Medicare Supplemental insurance policy to help cover the high cost of medical expenses and common gaps in coverage.
Other rate changes will also occur…
Changes to Medicare Part A in 2010
In addition to the increase in the deductible for Medicare Part A in 2010, the hospital reimbursement will also increase by $275 per day for days 61-90 and by $550 per day for days 91-150. Skilled nursing facility co-insurance will increase by $137.50 per day for days 21-100.
CMS has states that 99 percent of Medicare beneficiaries are not required to pay a Part A premium for services. However, some beneficiaries may have to pay a monthly premium for coverage; Medicare beneficiaries who are under the age of 65 and who have disabilities may have to pay a monthly premium if that have less than 30 quarters of coverage. The monthly premium for these individuals is $461 in 2010. If individuals have between 30 and 39 quarters of coverage, they will have a reduced premium, which is $254 for 2010.
Changes to Medicare Part B in 2010
The Medicare Part B Deductible will increase for about 25 percent of beneficiaries who:
• Are not subject to the hold-harmless provision because they are new enrollees (3 of subscribers qualify)
• Do not have to pay the additional premium due to higher income (5 percent of subscribers qualify)
• Don’t have Part B premiums withheld from social security benefit payments (19 percent of subscribers qualify)
The premium rates for Medicare Part B premiums vary a great deal depending on income level and whether the beneficiary files a join tax return with income. These premium rates may be anywhere from $0 to $353.60 per month, depending on an individual beneficiary’s circumstances.
Open Enrollment Period Coming Up
Medicare subscribers need to be aware of the annual Open Enrollment period, which lasts from November 15 to December 31 of each year. During this period, Medicare beneficiaries need to make any changes to their Medicare plans that they would like for the upcoming year. Many Medicare beneficiaries will be enrolling in Medicare Supplement insurance programs during this time to help cover the high cost of healthcare expenses for 2010.
Are you looking for information about Medicare Supplement programs that may help you pay for your healthcare more easily? For help finding the best Medigap plan for your situation, contact Medigap Advisors at 866-323-1441.'

Jim McFadden has over 11 years of executive-level experience in the health insurance industry, is a youth baseball, softball and football coach, and has one of the worst fantasy football records in the world.