Medicare Advantage plans are provided by private insurance companies with a contract from Medicare. These plans are not Medicare Supplement or Medigap plans. Medicare Advantage Plans are a very good option for many since they usually offer lower copays than Original Medicare, additional services not offered by Original Medicare and many will even include Part D coverage. These plans are available for a low or $0 monthly premium (you will still continue to part your part b premium).
Medicare Advantage plans are provided by private insurance companies with a contract from Medicare. These plans are not Medicare Supplement or Medigap plans.
Medicare Advantage Plans are a very good option for many since they usually offer lower copays than Original Medicare, additional services not offered by Original Medicare and many will even include Part D coverage. These plans are available for a low or $0 monthly premium (you will still continue to part your part b premium).
Medicare Update and Review 2010
How Does Medicare Work in Oregon?
Medicare is basic health insurance for people over 65 or people who have disabilities and qualify. Medicare covers hospital and doctor bills, some skilled nursing and prescription drugs.
Medicare was never meant to pay for everything. There are deductibles that you are responsible for and the amount of the deductibles change each year. This website provides a basic review of Medicare premium, deductible and coinsurance rates for 2009.
Medicare Insurance Plans Medicare Update and Review 2010. How Does Medicare Work?
Medicare is basic health insurance for people over 65 or people who have disabilities and qualify. Medicare covers hospital and doctor bills, some skilled nursing and prescription drugs.
Medicare was never meant to pay for everything. There are deductibles that you are responsible for and the amount of the deductibles change each year. This website provides a basic review of Medicare premium, deductible and coinsurance rates for 2010 within the state of Oregon.
Medicare Part A
Most people do not pay a monthly premium for Part A. (You or your spouse must have 40 or more quarters of Medicare-covered employment). Part A pays for inpatient hospital, skilled nursing facility, and some home health care. The deductible for Part A is $1068 for 2009. Medicare pays for all covered expenses after the deductible for the first 60 days of hospitalization. After 60 days of a hospital stay Medicare pays for coinsurance amounts up to a total of 150 days. The maximum lifetime coverage for hospitalization is 150 days.
For each benefit period you pay:
- $1068 per hospital stay from day 1-60
- $267 per day for days 61-90 of a hospital stay
- $534 per day for days 91-150 of a hospital stay
- All expenses for each day beyond 150 days
Skilled Nursing Facility Care:
Medicare pays for 20 days of skilled nursing care in a Medicare approved facility. The coinsurance for skilled nursing care is $133.50 per day for days 21-100. You pay all expenses after day 100.
<i>Home Health Care:</i>
Medicare pays for some home health care but is limited to medically necessary part-time or skilled intermittent skilled nursing care. You must also be confined to your home. Part A covers the fist 100 visits following a hospital stay.
Medicare Part A Most people do not pay a monthly premium for Part A. (You or your spouse must have 40 or more quarters of Medicare-covered employment).
Part A pays for inpatient hospital, skilled nursing facility, and some home health care. The deductible for Part A is $1068 for 2009. Medicare pays for all covered expenses after the deductible for the first 60 days of hospitalization. After 60 days of a hospital stay Medicare pays for coinsurance amounts up to a total of 150 days. The maximum lifetime coverage for hospitalization is 150 days.
For each benefit period you pay:
$1068 per hospital stay from day 1-60$267 per day for days 61-90 of a hospital stay$534 per day for days 91-150 of a hospital stayAll expenses for each day beyond 150 days.
Skilled Nursing Facility Care:
Medicare pays for 20 days of skilled nursing care in a Medicare approved facility. The coinsurance for skilled nursing care is $133.50 per day for days 21-100. You pay all expenses after day 100.
Home Health Care:
Medicare pays for some home health care but is limited to medically necessary part-time or skilled intermittent skilled nursing care. You must also be confined to your home. Part A covers the fist 100 visits following a hospital stay.