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Is medicare part C a tax deductible health ins premium?

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2010-01-21 00:49:23
2010-01-21 00:49:23

Yes, if you paid it and it meets the other IRS eligibility rules.

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Related Questions


The Medicare Part B Deductible for 2012 is $140.


The deductible for 2011 is $162.00. Then you have an ongoing coinsurance of 20% of the Medicare approved rate.


Your part time employer is deducting the mandatory employee portion of the Medicare Tax from your paycheck. All employees are required to pay this tax at all times they work to fund the Medicare system.You pay your Medicare Part B insurance premiumautomatically from your Social Security check. This allows you to make claims on Medicare Part B (e.g. doctors' services, preventive care, durable medical equipment, hospital outpatient services, laboratory tests, x-rays, mental health care).Medicare Part A (hospitalization) is "original Medicare" and is free if you have previously paid Medicare Tax from your paychecks.Medicare Part B (outpatient treatments) has a $134 a month premium.Medicare Part C (Medicare Advantage: includes parts A, B, D and sometimes other coverage that regular Medicare would not cover) is operated by health insurance companies contracting with Medicare, you continue to pay the part B premium from your Social Security check plus you pay a premium to the health insurance company that varies depending on the plan you selected.Medicare Part D (prescription drugs) is operated by health insurance companies contracting with Medicare, you continue to pay the part B premium from your Social Security check plus you pay a premium to the health insurance company that varies depending on the plan you selected.


The Medicare Part B deductible in 2013 is $147,a $5 increase from 2012. Medicare beneficiaries pay the Medicare Part B deductible for services including doctor visits, lab tests, surgeon’s fees, ambulance rides, and speech therapy. Medigap Plan C and Plan F policy holders do not have to pay this deductible.


The Medicare Part B deductible for 2009 is $135.00. After you meet the $135.00 deductible, you will pay 20% of the bill unless you have a Medicare Supplement that pays the 20% for you. Some Medicare Supplements pay the $135.00 for you. If you have a Medicare Advantage Plan (Part C) your "copay" will vary between the type of plan, the company that offers it, and whether or not the doctor is a family doctor or a specialist. If you have one of these plans, usually a PPO or HMO, you don't pay the Medicare Part B deductible of $135.00


Medicare premiums are usually withheld from one's Social Security benefits. If not, the payment address is : Medicare Premium Collection Center P.O. Box 790355 St. Louis, MO 63179-0355 If you received a bill for your Medicare premiums from the Railroad Retirement Board, mail your payment to: Railroad Retirement Board Medicare Premium Payments P.O. Box 979024 St. Louis, MO 63197-9000


The Medicare Part B deductible is $135 in 2009, the same as it was in 2008. It is indexed to increase with the Part B actuarial. The lack of an increase in 2009 was an exceptional year. The deductible effective for 1/1/2010 will be announced in late summer / fall. CMS Link: http://www.cms.hhs.gov/apps/media/press/factsheet.asp?Counter=3272 Part B generally covers doctor services and outpatient care. The Medicare beneficiary is responsible for paying the Part B deductible prior to Medicare paying its share (which is, basically, 80% of the amount above the deductible, not counting balance billed charges).


CMS has not released the 2011 deductible yet. Last year's release was Oct. 18.


Health insurance plans have three main components: the premium, the deductible and the co-insurance. The premium is the money that you pay each month to be covered by the health plan. This is the only part of the plan that is paid whether you use your insurance or not. The deductible is the amount of money you have to pay out of pocket each year, before your insurance company will begin picking up part of the bill. The co-insurance is the portion of the bill that you are required to cover after the deductible has been reached. These companies together make up your actual cost of health insurance.



If you're asking about the monthly deduction for your Medicare Part B, it is $96.40 if you make less than $85,000.00 per year. If you're asking about the deductibles: The Medicare Part A deductible for 2008 was $1024.00 for days 1-60 of hospitalization. That amount will increase to $1068.00 for 2009. The Medicare Part B deductible for 2009 is the same as 2008 at $135.00.


The Medicare Part A Deductible for 2012 is $1,156 for the first 60 days. $289 per day co-payment from days 61-90 days. $578 per day co-payment from 91-150 days.


Medicare beneficiaries pay premiums (most people do not have to pay a premium for Medicare Part A); also, working retirees pay Medicare payroll tax.


No, all hospital insurance is covered by medicare Part A. You will have to pay a deductible of $1,132 and are covered for up to 60 days in the hospital. source -


For 95% of beneficiaries, the premium is $96.40/month.


$115.40 Premium (subject to income adjustment)


You have a choice to stay in your employer's plan or join Medicare. When you do stop working and lose your group health plan, make sure you enroll in Medicare within 8 months. You could also enroll in Medicare Part A (hospital coverage), and postpone enrolling in Part B (physician coverage) until you are done with your group health plan. Part A does not cost you a monthly premium. You would be over-insured, but the Part A benefit is available to you at age 65, whether you have other coverage or not.


Medicare is administered by the Centers for Medicaid and and Medicare services, a part of the U.S. Department of Health and Human Services.


Medicare is administered by the Centers for Medicaid and Medicare Services, which is part of the US Department of Health & Human Services.


Part B Medicare comes with a deductible of $155.00 and co-insurance of 20%, since Medicare continues to pay just 80% for covered services Yes Medicare does cover going to the helath clinic. However if visit is for someting other than a routine visit other fees may apply.


Covered Services by Medicare Part A: Medicare Part A, Know as Hospital insurance, helps to pay for: Inpatient Hospital Services Skilled Nursing Facility Nurses Home Health Services Hospice Care Individuals not eligible for Premium free part A benefits through employment can purchase the coverage through monthly premiums by contacting the social security administration.


Those who have not served at least 40 quarters of employment (10 years) of paying Medicare and FICA taxes while working will pay a monthly premium of $451 in 2012.


Medicare and Medicaid are the responsibility of the Center for Medicare and Medicaid, which is part of DHHS. However, Medicaid is administered by the States.


According to www.nfb.org ... "The Medicare medical Insurance (Part B) premium, which is $93.50 per month in 2007"


Part A premiumMost people don't pay a monthly premium for Part A (sometimes called "premium-free Part A"). If you buy Part A, you'll pay up to $413 each month. If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $413. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $227.Part B premiumThe standard Part B premium amount is $134 (or higher depending on your income). However, most people who get Social Security benefits will pay less than this amount ($109 on average).



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