February 5, 2014
Medicare officials announced that monthly premiums for Medicare Part B (outpatient care) will remain the same for beneficiaries in 2014. The basic Medicare Part B premium remains $104.90 a month.
Beneficiaries with 2012 adjusted gross income (plus tax-exempt interest income) over $85,000 — or $170,000 if married filing jointly — will continue to pay higher means-tested premiums.
The means-tested rates also will remain the same in 2014. Means-tested rates range from $146.90 to $335.70 per person per month, depending on income. The Part B annual deductible also will remain at $147.
Officials attribute the flat rates to provider incentives for producing better value for patients, fighting fraud and abuse, and an increase in prescription drug savings.
It was also announced the Medicare Part A deductible – which people pay when admitted to a hospital – will increase $32 in 2014 to $1,216. That deductible covers up to 60 days of Medicare-covered inpatient hospital care. Beneficiaries will pay $304 a day for days 61 through 90 in 2014 (up from $296 in 2013) and $608 a day for hospital stays beyond 90 days (up from $592 in 2013). The daily coinsurance rate for days 21 through 100 in a skilled-nursing facility rises from $148 to $152.
Please note that because TRICARE For Life (TFL) acts as a supplemental insurance to Medicare, the deductibles for Parts A and B are paid by TFL.