2016 Medicare Premiums

On Tuesday, November 10, 2015, the Centers for Medicare & Medicaid Services (CMS) announced the 2016 premiums and deductibles for Medicare Parts A & B:

 

• Most people with Medicare Part B will be "held harmless" from any increase in premiums in 2016 and will pay the same monthly premium as last year, which is $104.90.
• Beneficiaries not subject to the "hold harmless" provision will pay $121.80.
• The annual deductible for all Medicare Part B beneficiaries will be $166.00 in 2016.
• The Medicare Part A deductible that beneficiaries pay when admitted to the hospital will be $1,288.00.  The Part A deductible covers beneficiaries' share of costs for the first 60 days of Medicare-covered inpatient hospital care in a benefit period.