CMS has announced Medicare Part A and B beneficiary cost sharing amounts for 2017. With regard to Part A, the 2017 deductible for hospital inpatient admissions for the first 60 days of care will be $1,316, followed by $329 per day for days 61-90 and $658 per day for stays beyond the 90th day in a benefit period. The daily skilled nursing facility coinsurance for days 21 through 100 in a benefit period will be $164.50. CMS also released 2017 Medicare Part A premium amounts for the uninsured aged and disabled individuals who have exhausted other entitlement.
Furthermore, 2017 Medicare Part B premiums and deductibles will again reflect a "hold harmless" policy that mitigates the premium increase for most beneficiaries because of a low Social Security cost-of-living adjustment applicable next year. For such beneficiaries, the average monthly premium will be about $109, compared to $104.90 in 2016. For the roughly 30 percent of beneficiaries not subject to the hold harmless policy, the standard monthly Part B premium will increase from $121.80 in 2016 to $134 for 2017. Higher-income beneficiaries (income greater than $85,000 individual/$170,000 joint) pay an income-related premium ranging from $187.50 to a maximum of $428.60 per month. The 2017 Part B deductible is $183 all Part B beneficiaries.
This article is presented for informational purposes only and is not intended to constitute legal advice.
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