2017 Medicare Premiums, Deductibles and Cost Sharing Amounts

Part A (Hospital Insurance)

Hospital Deductible

Beneficiary pays:

per benefit period

Hospital Copayment

Beneficiary pays:

$329/day for days 61-90
$658/day for days 91-150

Skilled Nursing Facility Copayment

Beneficiary pays:

$164.50/day for days 21-100

Part A Premiums

Beneficiary pays:

Most people do not pay a monthly Part A premium because they or a spouse has 40 or more quarters of Medicare-covered employment.
$413/month for those with fewer than 30 quarters of Medicare-covered employment
$227/month for those with 30-39 quarters of Medicare-covered employment

Part B (Medical Insurance)

Annual Deductible

Beneficiary pays:

per benefit period

Part B Premium

Beneficiary pays:
for those with incomes below $85,000 if single, $170,000 if married** (higher incomes see below)

$109/month – for those beneficiaries enrolled in Medicare prior to 2016, whose premium is taken out of their monthly Social Security benefit
$134/month – for those beneficiaries not collecting Social Security benefits, those who will enroll in Part B for the first time in 2016, and those who have their Part B premiums paid by Medicaid

Most Part B covered services*

Beneficiary pays:

20% of amount Medicare approves

*Part B: covers Medicare eligible physician services, outpatient hospital services, outpatient mental health services, certain home health services, durable medical equipment

The above information was obtained from Medicare.gov.

Important - Neither Group Benefit Strategies, LLC, nor its agents are connected with the Federal Medicare program.