Medicare 2012 Premiums, Deductibles, and Co-payments

Make sure that you are informed about the Medicare rates for 2012 because every year Medicare sets how much you pay for premiums, deductibles, and co-payments.

If you have additional Medicare coverage such as Medicare Part D or Medicare Advantage, be sure to review your Medicare plans every year prior to open enrollment. This allows you the opportunity to make changes to your Medicare coverage so you can best cover your medical needs.

Medicare Part A 2012 Premiums

Most people don't pay for Medicare Part A because you paid Medicare taxes for more than 40 quarters while you were working.

If you had 30 to 39 quarters of Medicare covered employment, you can buy Medicare Part A coverage and it costs $248 per month.

If you have less than 30 quarters of Medicare covered employment you will have to pay $451 each month to get Medicare Part A coverage.

Medicare Part B 2012 Premiums

Most people that are on Medicare will not see a Medicare Part B monthly premium increase because of a "hold harmless" provision in the current law. This protects most of the people on Medicare from any increases in their 2012 premiums.

Most people will still pay $99.90 per month for Medicare Part B coverage.  

The standard Medicare Part B monthly premium will stay at $115.40 in 2012. People with a higher income will pay even more for Medicare Part B coverage.

2012 Deductibles and Co-payments

Part A 2012 Deductible is $1,156 per illness.

Part B 2012 Deductible is $140 per year.

Part A 2012 Co-payments: The Medicare Part A deductible covers the first 60 days of a Medicare covered hospital stay. After that, you pay $289 a day for the days 61 through 90. After the 90th day, your co-pay for lifetime reserve days is $578 per day.

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