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Medicare Beneficiaries Face Boost in Out-Of-Pocket Expenses

Medicare beneficiaries will face higher out-of-pocket expenses next year, according to the U.S. Department of Health and Human Services.

November 27, 2012
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Related Topics: Retiree Health Care, Health Care Costs, Health Care Benefits, Latest News
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Medicare beneficiaries will face higher out-of-pocket expenses next year, according to the U.S. Department of Health and Human Services.

Next year, the deductible for the first 60 days of a hospital stay will rise to $1,184, which is up from $1,156, this year.

In addition, the daily copayment for days 61 through 90 will increase to $296 from $289, while the daily payment for stays exceeding 90 days will increase to $592 from $578.

The increases also will affect employers whose retiree health care plans are coordinated with Medicare to pick up the costs that Medicare does not cover.

Jerry Geisel writes for Business Insurance, a sister publication of Workforce Management. Comment below or email editors@workforce.com.

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