In 2024, beneficiaries must pay a coinsurance amount of $408 per day for the 61 st through 90 th day of a hospitalization ($400 in 2023) in a benefit period and $816 per day for lifetime reserve days ($800 in 2023). The Part A inpatient hospital deductible covers beneficiaries’ share of costs for the first 60 days of Medicare-covered inpatient hospital care in a benefit period. The Medicare Part A inpatient hospital deductible that beneficiaries pay if admitted to the hospital will be $1,632 in 2024, an increase of $32 from $1,600 in 2023. About 99 percent of Medicare beneficiaries do not have a Part A premium since they have at least 40 quarters of Medicare-covered employment, as determined by the Social Security Administration. Medicare Part A covers inpatient hospitals, skilled nursing facilities, hospice, inpatient rehabilitation, and some home health care services. Premiums for high-income beneficiaries with immunosuppressive drug only Part B coverage who are married and lived with their spouse at any time during the taxable year but file a separate return, are as follows: Premiums for high-income beneficiaries with full Part B coverage who are married and lived with their spouse at any time during the taxable year but file a separate return, are as follows:īeneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses with modified adjusted gross income: Part B Immunosuppressive Drug Coverage Only The 2024 Part B total premiums for high-income beneficiaries who only have immunosuppressive drug coverage are shown in the following table: Greater than $322,000 and less than or equal to $386,000 Greater than $161,000 and less than or equal to $193,000 Greater than $258,000 and less than or equal to $322,000 Greater than $129,000 and less than or equal to $161,000 Greater than $206,000 and less than or equal to $258,000 Greater than $103,000 and less than or equal to $129,000 The 2024 Part B total premiums for high-income beneficiaries with full Part B coverage are shown in the following table:īeneficiaries who file individual tax returns with modified adjusted gross income:īeneficiaries who file joint tax returns with modified adjusted gross income: These income-related monthly adjustment amounts affect roughly 8 percent of people with Medicare Part B. Since 2007, a beneficiary’s Part B monthly premium has been based on his or her income. Medicare Part B Income-Related Monthly Adjustment Amounts For 2024, the standard immunosuppressive drug premium is $103.00. The increase in the 2024 Part B standard premium and deductible is mainly due to projected increases in health care spending and, to a lesser degree, the remedy for the 340B-acquired drug payment policy for the 2018-2022 period under the Hospital Outpatient Prospective Payment System.īeginning in 2023, individuals whose full Medicare coverage ended 36 months after a kidney transplant and who do not have certain other types of insurance coverage can elect to continue Part B coverage of immunosuppressive drugs by paying a premium. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024, an increase of $14 from the annual deductible of $226 in 2023. The standard monthly premium for Medicare Part B enrollees will be $174., an increase of $9.80 from $164.90 in 2023. Medicare Part B covers physicians’ services, outpatient hospital services, certain home health services, durable medical equipment, and certain other medical and health services not covered by Medicare Part A.Įach year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. Further, the Inflation Reduction Act recently expanded the number of people eligible for full LIS. In addition, the Part D low‑income subsidy (LIS) helps pay for the Part D premium and lowers the cost of prescription drugs. In their continued efforts to improve access to health care and lower costs for millions of Americans, the Department of Health and Human Services (HHS), through CMS, recently finalized a rule to streamline enrollment in MSPs, making coverage more affordable for an estimated 860,000 people. The Medicare Savings Programs (MSPs) help more than 10 million people with coverage of Medicare premiums and, in most cases, other cost sharing. On October 12, 2023, the Centers for Medicare & Medicaid Services (CMS) released the 2024 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2024 Medicare Part D income-related monthly adjustment amounts.
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