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Yes is the short answer but there are some guide lines to be followed.
How Much of the Expenses Can You Deduct?You can deduct on Schedule A (Form 1040) only the amount of your medical and dental expenses that is more than 7.5% of your AGI(Form 1040, line 38).
In this publication, the term "7.5% limit" is used to refer to 7.5% of your AGI. The phrase "subject to the 7.5% limit" is also used. This phrase means that you must subtract 7.5% (.075) of your AGI from your medical expenses to figure your medical expense deduction.
What else can I help you with?
What is the deductible for part A Medicare?
$1,132.00
What is medicare deductible for 2012 part a?
1156.00
Is there a deductible for Medicare part A services?
Yes.
What is deductible for Medicare part B in 2010?
$155
What is medicare part b deductible for 2013?
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.
Is there a premium for Medicare part b?
yes
Why is my part time employer deducting Medicare and I pay for Medicare from my retirement check?
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.
What was Medicare deduction for 2008?
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.
Is medicare part b deduction rising to 285.60 in 2011?
the deductible is 162.00 in 2011
What is medicare part B deductable for 2011?
The deductible for 2011 is $162.00. Then you have an ongoing coinsurance of 20% of the Medicare approved rate.
What is the penalty for not enrolling in Medicare when you have an HSA?
The penalty for not enrolling in Medicare when you have an HSA is that you may have to pay a higher premium for Medicare Part B and Part D when you do enroll later on.
Where do you pay Medicare b copay?
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
