Here are relevant Medicare costs for 2018.
- Part A deductible: $1,340 per benefit period
- Part B deductible: $183 per year
- Part B coinsurance: You pay 20% after $183 deductible. NO CAP on your out of pocket costs.
- Part B premium: $134 (could be lower or higher depending on various factors)
The deductibles shown above are some of the “gaps” left by Medicare. More importantly, the 20% you have to pay after meeting your Part B deductible has NO CAP. For example, chemotherapy is covered under Part B, so if you incurred $100,000 in chemo costs, your 20% share would be $20,000.
These and most other “gap” items can be well-covered with the right Medicare Supplement insurance policy. For more information on Medicare Supplements, including personalized proposals tailored to your situation, please call our office at 702.546.6933.