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Follow on Google News | Medicare Changes for 2011This article summarizes the changes in Medicare that will be effective January 1,2011
By: Dale Krause Medicare Part A Medicare Part A provides for inpatient hospital, skilled nursing facility, and some home health care. The deductible for 2011 will be $1,132, resulting in an increase of $32 from this year's $1,100 deductible. Beneficiaries must pay an additional $283 per day for days 61 through 90 in 2011, and $566 per day for hospital stays beyond the 90th day in a benefit period. For beneficiaries in skilled nursing facilities, the daily co-insurance for days 21 through 100 in a benefit period will be $141.50 in 2011, compared to $137.50 in 2010. Medicare Part B Medicare Part B provides for a portion of physicians' services, outpatient hospital services, certain home health services, durable medical equipment, and other items. The premium for 2011 will be $115.40, resulting in an increase of $4.90 from this year's $110.50 premium. Notwithstanding the above, a large majority of beneficiaries will still continue to pay the $96.40 premium that they have been paying since 2008 due to the lack of a cost of living benefit increase for Social Security recipients. Effective January 1, 2011 Basic Part B Premium: $115.40 per Month Part B Deductible: $162.00 per Month Part A Deductible: $1,132.00 Co-Payment for Hospital Stay (Days 61-90): $283.00 per Day Co-Payment for Hospital Stay (Days 91+): $566.00 per Day Skilled Nursing Facility Co-Payment (Days 21-100): $141.50 per Day For more information visit www.medicaidannuity.com # # # Krause Financial Services specializes in helping families qualify for Medicaid benefits through the use of Medicaid Compliant Annuities, and Veterans Aid & Attendance benefits through the use of various life and annuity insurance products. End
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