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MEDICARE 2016 & 2017 COSTS AT A GLANCE

Posted on November 11, 2016 at 5:20 PM

Part A Premium

Most people don't pay a monthly premium for Part A (sometimes called "premium-free Part A"). If you buy Part A, you'll pay up to $411 each month ($413 in 2017).


Part A Hospital Inpatient Deductible and Coinsurance

You pay:

  • $1,288 deductible for each benefit period ($1,316 in 2017)
  • Days 1-60: $0 coinsurance for each benefit period ($0 in 2017)
  • Days 61-90: $322 coinsurance per day of each benefit period ($329 in 2017)
  • Days 91 and beyond: $644 coinsurance per each "lifetime reserve day" after day 90 for each benefit period (up to 60 days over your lifetime) ($658 in 2017)
  • Beyond lifetime reserve days: all costs


Part B Premium

Most people pay $104.90 each month in 2016. The standard Part B premium amount in 2017 will be $134 (or higher depending on your income). However, most people who get Social Security benefits will pay less than this amount ($109 on average).


Part B Deductible and Coinsurance

$166 per year ($183 in 2017). After your deductible is met, you typically pay 20% of the Medicare-approved amount for most doctor services (including most doctor services while you're a hospital inpatient), outpatient therapy, and durable medical equipment.


Part C Premium

The Part C monthly premium varies by plan. Compare costs for specific Part C plans.


Part D Premium

The Part D monthly premium varies by plan (higher-income consumers may pay more). Compare costs for specific Part D plans.

 

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