Medicare has announced the changes to the deductible and coinsurance for Medicare Part A. Medicare Part A covers facility type charges such as inpatient hospital stays and skilled care in a skilled nursing facility.
The inpatient hospital deductible will increase to $1,216.00 in 2014, an increase of $32.00 from 2013. It is important to understand that the Part A deductible is NOT an annual deductible. Medicare uses a period of 60 days to determine patient responsibility; therefore a patient could be responsible for this deductible more than once in a year.
The skilled nursing facility coinsurance also increases in 2014 to $152.00 per day for days 21-100; the 2013 amount was $148.00 per day. For days 0-20, Medicare pays services at 100%.
For more information on this topic or if you have any questions, please call our office to speak with one of our knowledgeable staff.