Higher income means higher Part B premium
Contemporary Long-Term Care Weekly, September 12, 2006
In 2007, nursing home residents with higher incomes will pay a higher Medicare Part B premium, reported the Kaiser Daily Health Policy Report. In total, 1.2 million Medicare beneficiaries will be affected in 2007 with an increase to 2.8 million affected beneficiaries by 2013. Residents and other seniors with higher incomes will pay an income-based surcharge on the standard Part B monthly premium, the report stated. In 2007, the current Part B premium is $98.40 a month, but residents with adjusted gross annual incomes of $80,000 to $100,000 will pay $111.50, or a 13.3% increase. Residents with adjusted gross annual incomes of more than $200,000 will see their monthly premium increase to $170.50, or a 73.3% increase. The change in Part B premiums is expected to increase federal revenue by $20.8 billion from 2007 to 2016, the report stated.
Related Products
-
PPS Alert for Long-Term Care
Looking for a tool to make your job easier? PPS Alert for Long-Term Care, exclusively for the RN or MDS coordinator, is your...
-
Billing Alert for Long-Term Care
It's essential to know how to correctly submit your Medicare claims in order to get the reimbursement your facility...
-
CNA Training Advisor: Lesson Plans for Busy Staff Trainers
Finally-a staff training program that really works!
-
MDS 3.0 Update
HCPro's MDS 3.0 Update is a free bi-weekly e-newsletter that provides MDS coordinators and skilled nursing facility staff...
-
The Long-Term Care Nursing Assistant's Guide to Advanced Restorative Skills
This book is written specifically for RNAs or nursing assistants to help them provide quality restorative care. Author...
Most Popular
- Articles
-
- Q/A: Volume requirement for reporting hydration services
- Featured blog post: Nurses face felony charges after reporting physician to the Texas Medical Board
- Catch up on what's new with injections and infusions
- Topic: CMS, OESS post new security compliance review information, checklist
- What does case-mix index mean to you?
- Capturing all necessary codes for IUD insertion and removal can be challenging
- News and briefs: Oklahoma Osteopathic Association against residency bill change
- QA:Coding multiple initial infusions
- OB services: Coding inside and outside of the package
- HIPAA Q&A: Level of encryption needed for email
- E-mailed
-
- Q/A: Volume requirement for reporting hydration services
- Featured blog post: Nurses face felony charges after reporting physician to the Texas Medical Board
- New conflicts of interest create new challenges
- Q&A tackles coding questions about injections and infusions
- Joint Commission Center announces handoff communication solutions
- Inside best practice: Reduce patient falls with a stoplight
- Identify modifiable risk factors to prevent patient falls
- Hospitalist-surgeon comanagement has no effect on outcomes
- Catch up on what's new with injections and infusions
- Case Management Monthly, June 2012
- Searched