The 2012 Medicare Part B Premium Amount
The U.S. Department of Health and Human Services (DHHS) announced that Medicare Part B premiums in 2012 will be lower than previously projected. While the Medicare Trustees predicted monthly premiums would be $106.60, premiums will instead be $99.90. This is an increase of $3.50 for most people. Earlier this year, HHS announced that average Medicare Advantage (Part C) premiums would decrease by four percent and premiums paid for Medicare’s prescription drug plans (Part D) would remain virtually unchanged.
Beneficiaries who became eligible to Medicare in 2010, whose Part B premiums are $110.50 and beneficiaries who became entitled to Medicare in 2011, whose Part B premiums are $115.40, will see their premiums decrease to $99.90.
The Part A deductible paid by beneficiaries when admitted as a hospital inpatient will be $1,156 in 2012, an increase of $24 from this year’s $1,132 deductible. This change is well below increases in previous years and general inflation.
Medicare Part A pays for inpatient hospitals, skilled nursing facilities, and some home health care.
The Part B deductible will be $140, a decrease of $22 from 2011.
Medicare Part B covers physicians’ services, outpatient hospital services, certain home health services, durable medical equipment, and other items.
These decreases in Medicare costs to beneficiaries are attributed by DHHS to overall savings to Medicare caused by the Affordable Care Act, derisively referred to by Republicans as “Obamacare.” It’s easy to see that they do not agree with anything that makes ordinary Americans’ lives easier. Next year, let’s unemploy the lot of them.
For more information, please see Medicare Part B premiums for 2012 lower than projected.