The standard Medicare Part B monthly premium will be $93.50 in 2007, an increase of $5 or 5.6% from the current $88.50, CMS reported last week.
The increase is less than the projected 6% increase in per capita national health spending for 2007 and the projected 7% increase for 2007 retail prescription drug spending. In addition, more than one-fourth of beneficiaries can receive assistance that pays for their entire Part B premium, CMS stated.
Premiums and Deductibles for 2007:
Part A Premium: $410 (paid by about 1 percent of beneficiaries)
Part A deductible: $992
Part B standard premium: $93.50
Part B deductible: $131
From hmenews.com
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