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    This document summarizes 2016 Medicare costs, including: - Part A monthly premiums are $0 for most or up to $411, with deductibles of $1,288 per benefit period and co-payments of $322 per day from 61-90 and $644 per lifetime reserve day. Skilled nursing co-payments are $0 for days 1-20 and $161 per day for days 21-100. - Part B monthly premiums vary based on income from $121.80 to $389.80, with a $166 annual deductible. Part D premiums also vary based on income from your plan premium to your plan premium plus $72.90. - Medicare Advantage and Part D

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    11579

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    161 views4 pages
    This document summarizes 2016 Medicare costs, including: - Part A monthly premiums are $0 for most or up to $411, with deductibles of $1,288 per benefit period and co-payments of $322 per day from 61-90 and $644 per lifetime reserve day. Skilled nursing co-payments are $0 for days 1-20 and $161 per day for days 21-100. - Part B monthly premiums vary based on income from $121.80 to $389.80, with a $166 annual deductible. Part D premiums also vary based on income from your plan premium to your plan premium plus $72.90. - Medicare Advantage and Part D

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    This document summarizes 2016 Medicare costs, including: - Part A monthly premiums are $0 for most or up to $411, with deductibles of $1,288 per benefit period and co-payments of $322 per day from 61-90 and $644 per lifetime reserve day. Skilled nursing co-payments are $0 for days 1-20 and $161 per day for days 21-100. - Part B monthly premiums vary based on income from $121.80 to $389.80, with a $166 annual deductible. Part D premiums also vary based on income from your plan premium to your plan premium plus $72.90. - Medicare Advantage and Part D

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    161 views4 pages

    11579

    Uploaded by

    api-309082881
    This document summarizes 2016 Medicare costs, including: - Part A monthly premiums are $0 for most or up to $411, with deductibles of $1,288 per benefit period and co-payments of $322 per day from 61-90 and $644 per lifetime reserve day. Skilled nursing co-payments are $0 for days 1-20 and $161 per day for days 21-100. - Part B monthly premiums vary based on income from $121.80 to $389.80, with a $166 annual deductible. Part D premiums also vary based on income from your plan premium to your plan premium plus $72.90. - Medicare Advantage and Part D

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    2016 Medicare Costs

    Medicare Part A (Hospital Insurance) Costs


    Part A Monthly Premium
    Most people dont pay a Part A premium because they paid Medicare
    taxes while working. If you dont get premium-free Part A, you pay up
    to $411 each month.
    Hospital Stay
    In 2016, you pay
    $1,288 deductible per benefit period
    $0 for the first 60 days of each benefit period
    $322 per day for days 6190 of each benefit period
    $644 per lifetime reserve day after day 90 of each benefit period
    (up to a maximum of 60 days over your lifetime)
    Skilled Nursing Facility Stay
    In 2016, you pay
    $0 for the first 20 days of each benefit period
    $161.00 per day for days 21100 of each benefit period
    All costs for each day after day 100 of the benefit period

    Medicare Part B (Medical Insurance) Costs


    Part B Monthly Premium
    You pay a Part B premium each month. Most people who get Social
    Security benefits will continue to pay the same Part B premium
    amount as they paid in 2015. This is because there wasnt a cost-ofliving increase for 2016 Social Security benefits. Youll pay a different
    premium amount in 2016 if:
    You enroll in Part B for the first time in 2016.
    You dont get Social Security benefits.
    Youre directly billed for your Part B premiums.
    You have Medicare and Medicaid, and Medicaid pays your
    premiums. (Your state will pay the standard premium amount of
    $121.80.)
    Your modified adjusted gross income as reported on your IRS tax
    return from 2 years ago is above a certain amount.

    If youre in 1 of these 5 groups, heres what youll pay:


    If your yearly income in 2014 was

    You pay
    (in 2016)

    File individual
    tax return

    File joint
    tax return

    $85,000 or less

    $170,000 or less $85,000 or less

    $121.80

    above $85,000
    up to $107,000

    above $170,000
    up to $214,000

    N/A

    $170.50

    above $107,000
    up to $160,000

    above $214,000
    up to $320,000

    N/A

    $243.60

    above $85,000
    up to $129,000

    $316.70

    above $214,000 above $428,000 above $129,000

    $389.80

    above $160,000 above $320,000


    up to $214,000 up to $428,000

    File married &


    separate tax
    return

    If you have questions about your Part B premium, call Social Security
    at 18007721213. TTY users should call 1-800-325-0778. If you pay a
    late enrollment penalty, these amounts may be higher.
    Part B Deductible$166 per year

    Medicare Advantage Plans (PartC) and


    Medicare Prescription Drug Plans (Part D)
    Premiums
    Visit Medicare.gov/find-a-plan to get plan premiums. You can also
    call 1800MEDICARE (1-800-633-4227). TTY users should call
    18774862048. You can also call the plan or your State Health
    Insurance Assistance Program.

    Part D Monthly Premium


    The chart below shows your estimated prescription drug plan monthly
    premium based on your income. If your income is above a certain
    limit, you will pay an income-related monthly adjustment amount in
    addition to your plan premium.
    If your yearly income in 2014 was

    You pay
    (in 2016)

    File individual
    tax return

    File joint
    tax return

    File married &


    separate tax return

    $85,000 or less

    $170,000 or less

    $85,000 or less

    Your plan
    premium

    above $85,000
    up to $107,000

    above $170,000
    up to $214,000

    N/A

    $12.70 + your
    plan premium

    above $107,000
    up to $160,000

    above $214,000
    up to $320,000

    N/A

    $32.80 + your
    plan premium

    above $160,000 above $320,000


    up to $214,000 up to $428,000

    above $85,000
    up to $129,000

    $52.80 + your
    plan premium

    above $214,000 above $428,000

    above $129,000

    $72.90 + your
    plan premium

    2016 Part D National Base Beneficiary Premium$34.10


    This figure is used to estimate the Part D late enrollment penalty and
    the income-related monthly adjustment amounts listed in the table
    above. The national base beneficiary premium amount can change
    each year. See your Medicare & You handbook or visit Medicare.gov
    for more information.
    For more information about Medicare costs, visit Medicare.gov.

    CMS Product No. 11579


    Revised December 2015

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