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Changes To Medicare In 2017

Changes to Medicare in 2017

Changes to Medicare happen each year and it’s important to know what new Medicare provisions will take effect in 2017 so you will be prepared for the impact they’ll have on your benefits and budget. Outlined below are the changes to Medicare costs for Part A and Part B from 2016 to 2017:

2016 2017
Part A: premium Most people don’t pay a monthly premium for Part A. If you buy Part A, you’ll pay up to $411 each month.

Most people don’t pay a monthly premium for Part A. If you buy Part A, you’ll pay up to $413 each month.

Part A: hospital deductible and coinsurance You pay:

·  $1,288 deductible (per benefit period)

·  Days 1-60: $0

·  Days 61-90: $322 per day

·  Days 91-150: $644 per day

·  Beyond 150 days: all costs

You pay:

·  $1,316 deductible (per benefit period)

·  Days 1-60: $0

·  Days 61-90: $329 per day

·  Days 91-150: $658 per day

·  Beyond 150 days: all costs

Part B: premium Most people pay $121.80 each month

Most people pay $134 each month

Part B: deductible and coinsurance $166 per year.

After your deductible is met, you typically pay 20% of the Medicare-approved amount for outpatient services.

$183 per year.

After your deductible is met, you typically pay 20% of the Medicare-approved amount for outpatient services.


Questions

For more information about Medicare changes in 2017, contact us at (941) 405 – 3900.

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