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Latest Info


Medicare 2016 Premiums and Deductibles

The 2016 Part B did not increase and is the same as the 2014 and 2015 monthly premium of $104.90. Beginning in 2007, the Part B premium a beneficiary pays each month is based on his or her annual income. Specifically, if a beneficiary's "modified adjusted gross income" is greater than the legislated threshold amounts ($85,000 for a beneficiary filling an individual income tax return or married and filing separate return and $170,000 for a beneficiary filing a joint tax return) the beneficiary is responsible for a higher Part B monthly premium.


Here's how Monthly Medicare Part B premiums have changed over the past decade:
2006 - $88.50
2007 - $93.50
2008 - $96.40
2009 - $96.40
2010 - $96.40 ($110.50)
2011 - $96.40 ($110.50)
2012 - $99.90
2013 - $104.90
2014 - $104.90
2015 - $104.90

2016 - $104.90

SOURCE: MEDICARE TRUSTEES


Medicare Plan Deductible and Coinsurance Amounts for 2016

Part A: (Hospital Insurance)
Deductible:
$1,288.00 (Per Benefit Period)
Coinsurance:
$322.00 a day for the 61st - 90th day each benefit period
$644.00 a day for the 91st - 150th day for each lifetime reserve day
(total of 60 lifetime reserve days - non-renewable)


Skilled Nursing Facility Coinsurance

Coinsurance:
$161 a day for the 21st-100th day each benefit period


Part B: (Medical Insurance)

Deductible:
$166.00 per year