How much does Medicare cost? October 28, 2011|Sun Sentinel 2012 monthly premiums
Part A: Free for 99 percent of recipients.
You only pay if you don't qualify by having worked 40 quarters (10 years) over your career. The premium in 2012 is $248 per month if you have 30 to 39 quarters (7.5 years) of work history or $451 per month if you have fewer than 30 quarters.
Part B: The vast majority of Medicare recipients pay $99.90 per month in 2012. Through 2011, the rate for most people had been $96.40 a month or $115.40 for new enrollees.
About 4 percent of recipients with high incomes pay larger monthly premiums. This affects single individuals with annual incomes above $85,000 and couples with incomes over $170,000. In 2012, you pay $139.90 to $319.70 per month, depending on income.
Medicare Advantage: Premiums vary widely among the hundreds of plans in Florida. Many charge no premiums, or even pay all or part of your Part B premium. Some plans with enhanced benefits charge as much as $150 per month.
Part D: The 33 drug plans in Florida for 2012 cost $15.10 to $125 per month.
2012 deductibles
Sometimes, Medicare makes you pay a certain amount before regular coverage begins at the start of the year or the start of a certain treatment.
Part A: For each hospital stay, you pay the first $1,156 for days 1 to 60.
Part B: You pay the first $140 of the year for doctor visits, outpatient care and the rest of part B coverage.
Medicare Advantage and part D: Some health plans and drug plans charge deductibles, but many do not. The amounts vary sharply. You may have to pay as much as $320 for the first prescriptions of the year until coverage begins.
2012 co-pays and co-insurance
In Medicare, you often must pay part of the bill -- either a flat fee (co-pay) or a percentage of the total (co-insurance).
Part A: For days 61 to 90 of each hospital stay, you pay $289 per day. Starting from day 91, you pay $578 per day for up to 60 days maximum in your lifetime. For a recovery stay at a nursing home, you pay $144.50 per day for days 21 to 100. For a stay at a hospice, you pay 5 percent.
Part B: You generally pay 20 percent. You may also have to pay physician "excess fees" charged by a few doctors who do not accept Medicare fees.
Medicare Advantage: Co-pays for hospitals, doctors and other medical care vary sharply, from zero to the entire bill. Most doctor co-pays fall in the $10 to $40 range. Hospital co-pays often run from $50 to $300 per day for as many as 10 days.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
after getting into a nursing home after getting placed into a nursing home
one is responsible for payment for their own care, whether that be $5.00/$100.00/$1million etc etc.....
if one wishes to keep all their $$ until they die THEN give the leftover to heirs go ahead if one wishes their $$ to go to their heirs then by all means give it to them before you have no choice
we do have choices....life about a bunch of roads....and one road we can all end on is that of feeble/frailty....
use it or lose it...
if your joy is in your children getting pleasure from your hard earned money they do it LONG before the 5year 'just in case something happens'....because psst...guess what, that something happens WILL HAPPEN and it's called aging, and it happens insidiously....
choose now.....
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
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