Monthly Actuarial Rates and Monthly Supplementary Medical Insurance Premium Rate Beginning January 1, 1999
OGC-99-10: Published: Nov 5, 1998. Publicly Released: Nov 5, 1998.
Pursuant to a legislative requirement, GAO reviewed the Health Care Financing Administration's (HCFA) new rule on the Medicare Program monthly actuarial rates and monthly supplementary medical insurance premium rates. GAO noted that: (1) the rule would announce the monthly actuarial rates for aged (age 65 or over) and disabled (under age 65) enrollees in the Medicare Supplementary Medical Insurance (SMI) program; (2) it would also announce the monthly SMI premium rate to be paid by all enrollees during 1999; (3) the monthly actuarial rates for 1999 are $92.30 for aged enrollees and $103.00 for disabled enrollees; (4) the monthly SMI premium rate is $45.50; and (5) HCFA complied with the applicable requirements in promulgating the rule.