2017 Medicare Parts A & B Premiums and Deductibles Announced
Yesterday, the Centers for Medicare and Medicaid Services (CMS) released the 2017 premiums for the Medicare inpatient hospital (Part A) and physician and outpatient hospital services (Part B) programs.
For 2017, the Part B premium (for those already on Medicare and having their premium deducted from their social security check) will have an average of $109.00 per month. For those just coming on to Medicare in 2017, the part B premium will be $134.00 per month. The Part B deductible will go up slightly ($183). There are some changes to the numbers which are listed below, but if you have a Medicare supplement policy, it will take care of some, if not all, of these expenses.
|Part B Premium||$104.90||$109.00|
|Part B Premium for those just enrolling in Part B for the first time in 2017 or those not having their premium deducted from their social security check||$121.80||$134.00|
|Part B Deductible||$166||$183|
|Part A Hospital Deductible||$1288||$1316|
|Part A Hospital Coinsurance Days 61-90||$322/day||$329/day|
|Part A Hospital Coinsurance Lifetime Reserve Days||$644/day||$658/day|
|Skilled Nursing Coinsurance Days 21-100||$161/day||$164.50/day|
For more information on the 2017 Medicare Parts A and B premiums and deductibles, please contact our office at 937-492-8800, or RSVP here for our next workshop.