Medicare Part B monthly premiums will go up 3.1% next year – from $93.50 in 2007 to $96.40 in 2008 - the smallest increase in six years. The increase was lower due to an "accounting error" that was fixed. Without the fix, 2008 premiums would be closer to $99. Health officials cited rising costs of services, programs, and drugs as reasons for premium increases.
Deductibles also will increase in 2008. Part B deductibles will go from $131 to $135 (on average), and Part A deductibles will go from $992 to $1024.
More About Medicare:- 2008 Medicare premiums and coinsurance rates [Medicare.gov]
- Official Medicare homepage [Medicare.gov]
- Services for people on Medicare in Idaho [Idaho Dept. of Insurance]
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