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Medicare announces 2017 premiums, deductibles

11-18-2017- The Centers for Medicare and Medicaid Services have announed new Medicare premiums and deductibles for 2017. 

Medicare Part B Premiums:

Medicare Part B premiums will rise about 4% for the typical beneficiary next year, from $104.90 to about $109 per month. Some beneficiaries (about 30%) will see a 10% increase, from $121.80 to $134 per month.

For those with higher incomes (based upon the 2015 income tax return), there will be a steeper increase in the Medicare Part B Premium:

  • Individuals with annual incomes between $85,000 and $107,000 and married couples with annual incomes between $170,000 and $214,000 will pay a monthly premium of $187.50 (was $170.50).
     
  • Individuals with annual incomes between $107,000 and $160,000 and married couples with annual incomes between $214,000 and $320,000 will pay a monthly premium of $267.90 (was $243.60).
     
  • Individuals with annual incomes between $160,000 and $214,000 and married couples with annual incomes between $320,000 and $428,000 will pay a monthly premium of $348.30 (was $316.70).
     
  • Individuals with annual incomes of $214,000 or more and married couples with annual incomes of $428,000 or more will pay a monthly premium of $428.60 (was $389.80).
  • If beneficiaries are married but file separate tax returns: Those with incomes between $85,000 and $129,000 will pay a monthly premium of $348.30 (was $316.70).  Those with incomes greater than $129,000 will pay a monthly premium of $428.60 (was $389.80).

 

Medicare Part B Deductible:

$183 (was $166).

 

Medicare Part A Deductible:

$1,316 (was $1,288).

 

Co-Payments for Hospital Stays:

  • For days 61-90, $329 per day (was $322).
  • For days 91 and greater: $658 per day (was $644)

 

Co-Payment for Skilled Nursing Facility:

Days 21 - 100:  $164.50 per day (was $161).

 

Medigap policies can help individuals pay for some health care costs not covered by Medicare. Click here for more information

 

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