Medicare Updates 2017

Part A hospital inpatient deductible and coinsurance

 You pay: 

·        $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.