Medicare just announced the Medicare 2017 costs and we’ve provided a simple overview and comparison to what you paid in 2016. Be sure to check out our Medicare Fact Sheet 2017 for all of the Medicare 2017 costs and...
Medicare just announced the Medicare 2017 costs and we’ve provided a simple overview and comparison to what you paid in 2016. Be sure to check out our Medicare Fact Sheet 2017 for all of the Medicare 2017 costs and a concise overview of the various parts of Medicare. You’ll also find a more detailed breakdown of key Medicare information on page 2.
Medicare 2017 Costs
Medicare A Premium:
$0 if you or spouse has 40+ quarters of Medicare-covered employment
If you do not have enough eligible quarters of employment, you’ll pay up to $413 (was $411 in 2016).
Medicare B Premium:
Standard premium $134 (higher for individuals with incomes above $85,000 or $170,000 if filing jointly)
Average premium for those receiving Social Security benefits $109 (was $104.90 in 2016)
Medicare B Deductible:
$183/year (was $166 in 2016)
Medicare D premium:
Varies by plan (higher income individuals will pay additional adjustment)
Medicare A Hospital Coinsurance:
$1316 deductible for each benefit period ($1288 in 2016)
$0 coinsurance for days 1-60
$329/day for days 61-90 ($322 in 2016)
$658/day for up to 60 additional “lifetime reserve” days after 90 days ($644 in 2016)
All costs beyond lifetime reserve days
Medicare A Skilled Nursing Care:
Pays 100% up to 20 days
$164.50/day co-pay for days 21-100 ($161 for 2016)
Medicare A Mental Health Inpatient Care:
$1,316 deductible for each benefit period ($1,288 in 2016)
$0 coinsurance for days 1-60Days 61–90: $329 coinsurance per day of each benefit period ($322 in 2016)
$329 coinsurance per day of each benefit period ($322 in 2016) days 61-90$644 coinsurance per each “lifetime reserve day” after day 90 for each benefit period (up to 60 days over your lifetime) ($658 in 2017)
$658 coinsurance per “lifetime reserve day” after day 90 for each benefit period (up to 60 days over your lifetime) ($644 in 2016)Beyond lifetime reserve days: all costs.
Beyond lifetime reserve days: all costs20% of the Medicare-approved amount for mental health services you get from doctors and other providers while you’re a hospital inpatient.
20% of the Medicare-approved amount for mental health services you get from doctors/providers while you’re a hospital inpatient
Contact us today for a personalized Medicare analysis and help with all types of benefits. Save money and get the best options for your situation!
The post Medicare Costs 2017 appeared first on Aging Wisely.
