Catastrophic Expense Protection Act

Catastrophic Expense Protection Act - Amends title XVIII (Medicare) of the Social Security Act to: (1) remove the limits on length of inpatient hospital stays; (2) limit post-hospital extended care services to 100 days annually; (3) limit inpatient psychiatric hospital services to a 190 day lifetime maximum; and (4) eliminate the definition of "spell of illness."

Sets the inpatient hospital deductible, under part A (Hospital Insurance) of title XVIII, at $350 annually (to be adjusted annually). Directs the Secretary of Health and Human Services to annually determine and promulgate the inpatient hospital deductible.

Sets the coinsurance charge at six percent for inpatient hospital services and post-hospital extended care services.

Sets the deductible at $85 (to be adjusted annually), under part B (Supplementary Medical Insurance) of title XVIII. Directs the Secretary to annually determine and promulgate such deductible.

Limits out-of-pocket expenses for deductible and coinsurance by a combined part A and B cap of $2500 annually (to be adjusted annually).