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CMS Announces 2019 Medicare Parts A & B Premiums and Deductibles

The Centers for Medicare & Medicaid Services (CMS) announces 2019 premiums, deductibles, and coinsurance amounts for Medicare Parts A and B.

 

The recent announcement from the CMS includes changes in premium and deductible amounts to both Parts A and B. The Part A deductible for inpatient hospital services will increase by $24 in the calendar year 2019, to $1,364. The monthly Part A premium will increase by $15 in CY 2019 to $437. The standard monthly premium for people with Medicare Part B will be $135.50 for 2019, an increase of $1.50 from 2018. An estimated 2 million beneficiaries (about 3.5 percent) will pay less than the full Part B standard monthly premium amount in 2019 due to the statutory hold harmless provision, which limits certain beneficiaries’ increase in their Part B premium to be no greater than the increase in their Social Security benefits.

You can find a brief overview of what is covered by both Parts A and B below along with the full press release and fact sheet provided by the CMS.

Medicare Part A and B cover the following:

Part A covers inpatient hospital, skilled nursing facility, and some home health care services. About 99 percent of beneficiaries do not have a Part A premium since they have at least 40 quarters of Medicare-covered employment.

Part B covers physician services, outpatient hospital services, certain home health services, durable medical equipment, and certain other medical and health services not covered by Medicare Part A.

Click here to access the full CMS press release. You can also access the Medicare Parts A and B fact sheet by clicking here.


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posted by OBarros
posted in CMS Announcement
posted date Oct 2018

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