Note: This training module is intended for use with partners who are learning about Medicare for the first time. Welcome to Medicare 101! This short presentation is designed to give you an overview of the Medicare program—and to let you know where you can get more information. Note: This training module was developed and approved by the Centers for Medicare & Medicaid Services (CMS), the Federal agency that administers Medicare and Medicaid. The information in this module was correct as of April 2008. To check for an updated version of this training module, visit www.cms.hhs.gov/NationalMedicareTrainingProgram/TL/list.asp on the web. This set of National Medicare Training Program materials is not a legal document. The official Medicare program provisions are contained in the relevant laws, regulations, and rulings.
Standard Benefit 2008 $275 $2510 $5726.25 Beneficiary Liability Deductible Coverage Gap Total Spending ≈ 95% 80% Reinsurance 15% Plan Pays Catastrophic Coverage 5% Coinsurance Medicare Pays Reinsurance 75% Plan Pays ($1676.25) 25% Coinsurance ($558.75) Direct Subsidy/ Beneficiary Premium $833.75 $4050 TrOOP $275