What is the Medicare deductible?

Answer Medicare is a federally covered insurance program. Eligible Medicare individuals are expected to financially contribute to receive medical coverage, including premiums and co-payments. Another fina... Read More »

Top Q&A For: What is the Medicare deductible

What part of Medicare payments are tax deductible?

Money paid to Medicare is in some cases tax deductible. Factors that affect deductibility include age, Social Security benefits and Medicare premium type. Taking deductions can ensure that you don'... Read More »

What is the medicare part b year deductible?

While Part A of Medicare, which provides hospital service, is free to most folks who have worked 10 or more years in the U.S., Part B has more costs associated with it. The deductible is one cost y... Read More »

What is the Medicare Part A deductible for 2012?

The Medicare Part A Deductible for 2012 is $1,156 for the first 60 days. $289 per day co-payment from days 61-90 days. $578 per day co-payment from 91-150 days.

Is a co-pay from Medicare tax-deductible?

You can deduct co-pays, along with premiums and other medical expenses, as long the amount totals more than 7.5 percent of your adjusted gross income, or AGI. You can only claim the amount exceedin... Read More »