2008 Rate
and Cost of Living Increases
2008 Medicare Adjustments
Medicare Rate Increases Effective 1/1/2008:
Medicare Part A
| Hospital Deductible: |
$1,024 (up from $992) |
| Coinsurance per day: |
|
| Days 61-90: |
$256 (up from $248) |
| Days 91-150: |
$512 (up from $496) |
| 60 lifetime reserve days Medicare
pays 100% |
| SNF Coinsurance: |
$128.00 per day for days
21-100 |
Medicare Part B
| Premium per month: |
$96.40 (up from $93.50) |
| Deductible per year: |
$135 (up from $131) |
See Medicare website: www.medicare.gov
2008 Social Security COLAs
Social Security Increases Effective 1/1/2008:
Cost of Living Increase: 2.3%
See Social Security Administration website: www.ssa.gov
2008 SSI/SSP COLAs
| |
Jan. 1 – May 30 |
June 1 – Dec 31 |
| Aged or Disabled* |
| Single: |
Couple: |
| $870 |
$1,524 |
|
| Single: |
Couple: |
| $888 |
$1,558 |
|
| Blind* |
|
|
| Board & Care Rate |
|
|
* Rates noted are for independent living only. Rates are lower for household of another with in–kind room and board, and higher for independent living without cooking facilities.
2008 Aged & Disabled Poverty Level Program
(April 2008 rate change)
| Individual: |
$1,081 (countable monthly income) |
| Couple: |
$1,524 (countable monthly income) |
|
