Medicare Announces Costs, Part B Premium for 2019
The Centers for Medicare and Medicaid announced that the standard monthly premium for Part B, medical insurance, in 2019 will be $135.50, an increase of $1.50 from 2018. (Higher-income beneficiaries pay an additional adjustment, based on income. Learn more in the 65 Incorporated Library at www.65incorporated.com/topics/paying-more-medicare.)
For those on Original Medicare, here are some costs for 2019:
- Inpatient hospital stay, days 1-60—a deductible of $1,364 per benefit period, an increase of $24. The coinsurance for days 61-90 is $341 per benefit period, up from $335 in 2018.
- Skilled nursing facility stay, days 21-100—a copayment of $170.50 per day, a $3.00 increase. There is no copayment for the first 20 days.
- The Part B deductible will increase to $185 from $183.
Medicare Advantage plans establish the copayments and coinsurance for hospitalization and skilled nursing facility stays. Those with Advantage plans must pay the standard Part B premium.
Are you paying more than this for Medicare?
Learn more about IRMAA now with the “Paying More for Medicare? Here's Why and What To Do” written by Medicare expert and 65 Incorporated co-founder Diane J. Omdahl, RN, MS.