Medicare Planning

2017 Medicare Parts A & B Premiums and Deductibles

 

2017 Medicare Parts A & B Premiums and Deductibles
CMS announced the 2017 premiums for the Medicare inpatient hospital (Part A) and physician and outpatient hospital services (Part B) programs.
Please view chart below. For more information, visit www.medicare.gov
Features
2016
2017
Part A Inpatient Hospital Deductible $1,288 $1,316
Hospital Coinsurance
61-90 days
91-150 days (lifetime reserve)
$  322
$  644
$  329
$  658
Skilled Nursing Facility Care Coinsurance Days 21-100 $  161 $164.50
Part B Physician’s Services and Supplies Deductibles $  166 $  183

The standard monthly premium for Medicare Part B will be $134.00 for 2017, a 10 percent increase from the 2016 premium of $121.80. This may be higher depending on your income.

For those who receive Social Security benefits, the average Part B premium will be about $109.00, compared to $104.90 for the past four years. Individuals will pay a different premium amount in 2017 if:

· They enroll in Part B for the first time in 2017.

· They don’t get Social Security benefits.

· They have Medicare and Medicaid, and Medicaid pays their premiums.

· Their modified adjusted gross income as reported on their IRS tax return from 2 years ago is above a certain amount.

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