Medicare Changes20182019Increase
Part A Premium [Hospital]
(most people don’t pay this)
Part A Co-insurance Days 1-60$0$0None
Part A Co-insurance Days 61-90$335$341$6/day
Part A Co-insurance Days 91-150$670$682$12/day
Part A Deductible $1,340$1,364$24/period
Part B Premium [Doctor Visits]
(everyone pays this)
Part B Deductible $183$185$2/period
Part B Co-insurance 20%20%None
Part C Medicare Advantage
(explained below)

Part D Prescription DrugsCall
Medicare Supplements 
(explained below)

 Medicare Explained

 Your new Part A Premium is $437. This is the amount you pay for hospital coverage. However, most people don’t pay this because they’ve paid into it enough through their payroll taxes. Last year the premium was $422. The increase is $15/month.

Your Part A Co-insurance for Days 1-60 in the hospital is still $0.00. However for Days 61-90 it’s now $341/day and for Days 91-150 you’ll pay $682/day. Last year you paid $0, $335, and $670, respectively. This went up $6 per day for Days 61-90 and $12 per day for Days 91-150.

Your new Part A [Hospital] Deductible is $1,364. Last year it was $1,340. The increase is $24 (for each benefit period).

Your new monthly Part B Premium is $135.50 As long as you make less than $85,000/year. If you make more, it’s higher. Last year you paid $134. This is an increase of $1.50 per month

Your new Part B Deductible is $185 deductible per year. It was $183 last year. This is a $2 increase. Your co-insurance did not change. It’s still 20%.

A Part C Premium only applies if you’re  replacing Original Medicare with a Medicare Advantage plan. These plans are required to cover everything medicare covers. Many offer additional benefits such as dental, vision and hearing. Plans and prices vary contact us for comparison quotes.

Your Part D Premium is your prescription drug coverage. Like Part C, these are offered by independent carriers. Therefore, the cost and coverage varies by plan and is based on income. Your best strategy in selecting a plan is to see what medications they pay for (and how much they pay).     Contact us if you need help finding their formularies or understanding how to read them. We can also help explain “initial” and “catastrophic” coverage  as well as the the “Donut Hole” of prescription drug coverage.

A Medicare Supplement plan is another option. These plans are commonly referred to as Medigap plans. They are not medicare plans. They simply cover the medicare covered charges that Medicare doesn’t pay, depending on the plan you choose. You can’t have a Supplement and Medicare Advantage plan. And it’s illegal for someone to try to sell you one if you already have Medicare Advantage.