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Healthcare Financial News - CMS Announces Inpatient Hospital Deductible and Coinsurance Amounts for CY08

Healthcare Financial News


Wednesday, October 10, 2007
CMS Announces Inpatient Hospital Deductible and Coinsurance Amounts for CY08

In the Oct. 5 issue of the Federal Register, CMS announced the inpatient hospital deductible and the hospital and extended care services coinsurance amounts for services furnished in CY08 under Medicare’s hospital insurance program (Medicare Part A). The Medicare statute specifies the formulae used to determine these amounts. For CY08, the inpatient hospital deductible will be $1,024. The daily coinsurance amounts for CY08 will be: (a) $256 for the 61st through 90th day of hospitalization in a benefit period; (b) $512 for lifetime reserve days; and (c) $128 for the 21st through 100th day of extended care services in a skilled nursing facility in a benefit period. The notice is effective as of Jan. 1, 2008.

posted on 10/10/2007 7:39:23 AM (CST)  Permalink