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MEDICARE 2024 FIGURES
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| MEDICARE PART A: HOSPITAL SERVICES |
| Inpatient hospital deductible |
$1,632/illness |
| Daily co-insurance |
$0/day 1-60, $408/day 61-90, $816/day 91-150 |
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Skilled Nursing Facility (SNF) Daily co-insurance amount
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$0/day 1 – 20, $204/day 21 – 100 |
| Part A Premiums for those not otherwise entitled to Part A Benefits who purchase Medicare coverage |
Medicare Covered Employment – Less than 30 quarters: $505/month, 30 to 39 quarters: $278/month (if you pay a late enrollment fee – the premium could be higher) |
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| MEDICARE PART B: PHYSICIAN SERVICES |
| Deductible |
$240 per year |
| Co-Insurance |
20% of approved charge |
| Balance Billing |
15% of the limiting charge |
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| MEDICARE PART B PREMIUMS: YOU PAY |
IF YOUR YEARLY INCOME IS |
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SINGLE |
MARRIED COUPLE |
| $174.70 |
$103,000 OR LESS |
$206,000 OR LESS |
| $244.60 |
ABOVE $103,000 UP TO $129,000 |
ABOVE $206,000 UP TO $258,000 |
| $349.40 |
ABOVE $129,000 UP TO $161,000 |
ABOVE $258,000 UP TO $322,000 |
| $454.20 |
ABOVE $161,000 UP TO $193,000 |
ABOVE $322,000 UP TO $386,000 |
| $559.00 |
ABOVE $193,000 AND LESS THAN $500,000 |
ABOVE $386,000 AND LESS THAN $750,000 |
| $594.00 |
$500,000 OR ABOVE |
$750,000 OR ABOVE |
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| For more information on Medicare you can visit www.medicare.gov/basics/costs/medicare-costs. |
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Additionally, we also have information and resources at www.vjrussolaw.com on Medicaid, Social Security, Veterans Benefits, Elder Law, Special Needs Planning, and Estate Planning. Please do not hesitate to contact us with any questions or comments.
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100 Quentin Roosevelt Blvd. | Suite 102 | Garden City, NY 11530 PHONE 516-683-1717 | FAX 516-683-9393
Garden City | Lido Beach | Islandia | Virtual Meetings | Home Visits
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vjrussolaw.com
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