This is the 2011 list of Medicare premium, Medicare deductible, and Medicare coinsurance rates. All of these Medicare rates will be effective in 2011.

Medicare Premiums for 2011

Medicare Part A – Hospital Insurance Coverage:

• Individuals who have 40 or more quarters of Medicare-covered employment by themselves, or their spouse do not need to pay a premium.
• For those with 30-39 quarters of Medicare covered employment your Medicare Part A premium is $248.00 per month.
• If you’re not otherwise eligible for the premium-free hospital insurance and have less than 30 quarters of Medicare-covered emplyment your Medicare Part A premium will be $450.00.

Medicare Part B – Medical Insurance Coverage:

The Medicare Part B premium will continue to be $96.40 or $110.50 for most beneficiaries during 2011. Medicare receiving beneficiaries who have the Social Security Administration withold their Part B premium and have incomes of less than $85,000 or $170,000 for joint filers will not have an increase in the Medicare Part B premium for 2011.

For all others the Medicare Part B monthly premium will be $115.40 in 2011, a 4.4% increase over 2011 rates. This premium is increasing due to the costs of Part B increasing. If your income is above $85,000 for a single, or $170,000 for a married couple, then you will see your Medicare Part B premium be higher than the $115.40 per month.

Medicare Deductibles and Coinsurance Amounts for 2011

Medicare Part A: Medicare part A pays for inpatient hospital care, skilled nursing facilities, and some other healthcare benefits. For each benefit period Medicare will pay all covered costs except the Medicare Part A deductible during the first 60 days (In 2011 the Medicare Part A deductible is $1,132), and coinsurance amounts for hospital stays that last between 60 days and no more than 150 days.

You will pay the following for each Medicare Benefit period:

• Hospital Stays of 1-60 days, you pay: $1,132.
• Hospital Stays for days 61-90, you pay: $283 per day till the 90th day.
• Hospital stays for days 91-150, you pay: $566 per day upto the 150th day.
• For all days over 150, you will pay 100% of costs associated with each day.

Skilled Nursing Facility Coinsurance:

You will pay $141.50 per day for days 21-100 of each benefit period.

Medicare Part B: This coveres Medicare eligible physician services, durable medical equipment, outpatient hospital services, and some home health services.

You will pay a yearly deductible of $162 for Medicare Part B. You will also pay 20% of the Medicare-approved amount for services after you meet your deductible.

More information about Medicare Deductibles, Premiums, and Coinsurance for 2011 can be found on the official CMS fact Sheet, entitled: “Medicare Premiums, Deductibles for 2011“.

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