ASK ME ABOUT YOUR MEDICARE OPTIONS
|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
- $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.