What are the Medicare premiums and coinsurance rates for 2006?
The following is a listing of the Medicare premium, deductible, and coinsurance rates that will be in effect in 2006: Medicare Premiums for 2006: Part A: (Hospital Insurance) Premium Most people do not pay a monthly Part A premium because they or a spouse has 40 or more quarters of Medicare-covered employment. The Part A premium is $216.00 for people having 30-39 quarters of Medicare-covered employment. The Part A premium is $393.00 per month for people who are not otherwise eligible for premium-free hospital insurance and have less than 30 quarters of Medicare-covered employment. Part B: (Medical Insurance) Premium $88.50 per month. Medicare Deductible and Coinsurance Amounts for 2006: Part A: (pays for inpatient hospital, skilled nursing facility, and some home health care) For each benefit period Medicare pays all covered costs except the Medicare Part A deductible (2006 = $952) during the first 60 days and coinsurance amounts for hospital stays that last beyond 60 days and no more
