- CMS Announces FY 2009 Beneficiary Premiums and Deductibles
- October 7, 2008
- Law Firm: King & Spalding LLP - Atlanta Office
The Center for Medicare and Medicaid Services (“CMS”) announced on September 19 the premiums, deductibles, and copayments Medicare beneficiaries will be responsible for in FY 2009. The Part A deductible for inpatient care increased $44 to $1,068 and the Part A premium, for the 1% of beneficiaries who must pay it, increased $20 to $443. The per day beneficiary copayment for inpatient care for days 61 through 90 increased $12 to $267, the copayment for “lifetime reserve days,” which can be used for hospital stays beyond the 90th day, increased $22 to $534, and the coinsurance for skilled nursing care for the 21st through 100th day increased $5.50 to $133.50.
For the first time in almost 10 years, the Medicare Part B premium did not increase over the previous year. The Part B monthly premium was held steady at $96.40 because, after several years of higher premiums being needed to make up for a shortfall in the Part B contingency reserves required by statute, the Part B reserves available for FY 2009 exceeded the necessary premium margin. The Medicare Part B deductible was also held steady at $135.