CMS Releases 2016 Medicare Parts A & B Premiums and Deductibles

 

Medicare Part B Premiums:

Medicare Part B Premium for those already enrolled in both Social Security and Medicare:  $104.90

Medicare Part B Premium for those NOT enrolled in Social Security but enrolled in Medicare:  $121.80

Medicare Part B Premium for newly eligible Medicare beneficiaries:  $121.80

Medicare Part B Deductible: 

                   2015:  $157                        2016:  $166

 

Medicare Part A Deductible & Coinsurance Amounts:

                                                                2015                 2016

Inpatient Hospital Deductible:                                  $1260                     $1288

Daily Hospital Co-Insurance (Days 61 – 90):             $315                       $322

Daily Hospital Co-Insurance          

(Days 91 – lifetime reserve):                                      $630                      $644

Daily Skilled Nursing Facility Co-Insurance

(Days 21-100):                                                          $157.50                  $161

 

Part D Deductible & Coverage Gap Limits:

                                                                                  2015                         2016

Maximum Deductible a Part D Drug

Plan May Charge:                                                              $320                          $360

Coverage Gap Begins

(Total Out-of-Pocket for you and Plan):                             $2960                       $3310

Coverage Gap Ends/Catastrophic

Coverage Begins:                                                               $4700                     $4850