Medicare Part B monthly premium, deductible prices decrease

WASHINGTON — Standard monthly premiums under Medicare Part B will be $99.90 in 2012, $6.70 under the projected figure made by the Department of Health and Human Services, HHS announced Thursday.

This year's Medicare Part B premium is a $15.50 decrease over the standard 2011 premium of $115.40 paid by new enrollees and higher income Medicare beneficiaries and by Medicaid on behalf of low-income enrollees, HHS said. Additionally, the Medicare Part B deductible will be $140, a decrease of $22 from 2011.

“The Affordable Care Act is helping to keep Medicare strong and affordable,” HHS secretary Kathleen Sebelius said. “People with Medicare are seeing higher quality benefits, better healthcare choices, and lower costs. Health reform is also strengthening the Medicare Hospital Insurance Trust Fund and cracking down on Medicare fraud.”

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