Medicare Part B deductible, premiums to be unchanged for 2014; tips on deductible collection

October 31st, 2013 - Scott Kraft   
Categories:   Accounts Receivable|Payments   Claims   Collections  
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The Medicare deductible for Part B services will not change in 2014, remaining at $147 for the second straight year. The premium for beneficiaries will also remain unchanged at a base rate of $104.90, continuing the slowest five-year period of premium growth in Medicare Part B history, according to CMS.

The premium continues to be means-tested based on the income of single or married beneficiaries, increasing to a maximum of $335.70 per month for those beneficiaries with individual income of greater than $214,000 or joint filers with combined income of $428,000. A married beneficiary who files a separate tax return will hit the high premium level with an income of $129,000.

Flat premiums and deductibles are certainly good news for your Medicare patients, a good number of whom are on fixed income. There remains the challenge of collecting the $147 from the patients, which typically makes January a lean cash-flow month for Medicare-dependent practices.

Remember, Medicare applies the deductible to claims in the order in which they are processed by the Medicare Administrative Contractor. Certain claims are exempt from the deductible – most notably Medicare covered screening services, the initial and subsequent Medicare Annual Wellness Visits and the Initial Preventive Physical Exam.

 Here are some tips to help you through:

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