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Medicare Costs 2017

Medicare 2017 Costs

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!

 

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