ORIGINAL MEDICARE PLAN 2008
Premiums and Deductibles

Part A Premium (Hospital Insurance):

• Most people do not pay a monthly Part A premium because either they or their spouse has 40 or more quarters of Medicare-covered employment.
• The Part A premium for 2008 is $233.00 per month for people who have 30-39 quarters of Medicare-covered employment.
• The Part A premium for 2008 is approximately $423.00 per month for people who have less than 30 quarters of Medicare-covered employment.

Part B Premium (Medical Insurance):

• $96.40 per month.
  (Note: The Part B premium will increase for individuals with yearly income above $82,000.00 or $164,000.oo for beneficiaries who file a joint tax return.)

Medicare Deductibles and Coinsurance:

In-Hospital Stay for Each Benefit Period:

• Part A Deductible: $1,024.00 for each benefit period.
• $256.00 per day for days 61-90 of a hospital stay;
• $512.00 per day for days 91-150 of a hospital stay (Lifetime Reserve Days).
• Beneficiary pays all costs for each day beyond 150 days.

Skilled Nursing Facility Stay for Each Benefit Period:

• Beneficiary pays nothing for first 20 days.
• $128.00 per day for days 21-100.

Part B:

• $135.00 annual deductible for 2007.
• 20% of the Medicare-approved amount after the deductible (if the Medicare provider accepts “assignment”).
• 20% for all outpatient physical, occupational, and speech-language therapy services.
• 50% for most outpatient mental health care.
• Beneficiary pays nothing for Medicare-approved home health care and clinical laboratory service

Note: There are additional Medicare services that may have cost sharing.