Online Medicare Supplement Insurance Quote
The following is a general listing of the Medicare Premiums, Deductibles, and Coinsurance Rates that are in effect for 2017.
Medicare Premiums for 2016:
Part A: (Hospital Insurance) Premium
Part B: (Medical Insurance) Premium
Medicare Deductible and Coinsurance Amounts for 2016:
(Pays for inpatient hospital, skilled nursing facility, and some home health care.)
For each benefit period you pay:
Skilled Nursing Facility Coinsurance
(Covers Medicare eligible physician services, outpatient hospital services, certain home health services, durable medical equipment.)
Medicare Advantage plans are another health insurance choice that you may choose to have. These plans are offered by private insurance companies approved by Medicare.
By joining a Medicare Advantage plan, the plan will provide all of your Part A (Hospital insurance) and your Part B (Medical insurance) coverage.
Medicare Advantage plans must cover all of the services that Original Medicare covers.
Medicare Advantage plans may offer extra coverage, such as vision, hearing, dental, and/or health and wellness programs.
Most include Medicare prescription drug coverage. There may be a monthly premium for these plans in addition to your Part B premium.
Some examples of Medicare Advantage plans include:
In order to enroll in a Medicare Part C plan you must have Medicare Parts A and B, must reside in the plans service area, and must not have End Stage Disease (ESRD).
Since there can be numerous Medicare Advantage plans available in your area, it is advisable to review each plans' features and benefits to confirm that the plan you choose is suitable for your needs.
These Medicare Prescription Drug plans are available through private insurance companies approved by Medicare.
These are stand-alone prescription drug plans that do have monthly premiums, copays and deductibles depending upon the plan that you choose.
There may be a Part D penalty if you do not enroll in a Part D plan when you first become eligible for Medicare.
As of 2012 there is also a Part D adjustment which increases your Part D premiums according to your income.