The web site listed below, gives information concerning the 2016 Medicare premiums, deductible, co-insurance and copays. Review the web site and answer the following questions.

http://www.medicare.gov/your-medicare-costs/costs-at-a-glance/costs-at-glance.html (Links to an external site.)

Once you have reviewed the web-sites, you should have found the following information. Medicare recipients pay a premium for Part B; the cost of that premium is $104.90 per month. This will vary depending upon recipients income. Part B costs also include a $166 annual deductible and 20% co-insurance for each physician office visit

Part A has a deductible for in-patient care. Medicare recipients must pay $1,288 for days 1- 60 of inpatient care. After 60 continuous days in the hospital the deductible increases.

Question:

How important is Medicare supplemental insurance to Medicare recipients?

 

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