New 2017 Medicare Costs at a Glance

With the hectic Medicare Open Enrollment period ended, I wanted to post the key, new Medicare numbers that will be in effect for 2017.   These are the key changes to Medicare’s premiums and coverages.  As I predicted, CMS did not increase the Part B premium as initially indicated and came in just under a 10% increase.

  • Part A deductible – Will be $1316 up from $1288 (per 60 day Benefit Stay)
  • Part B Deductible – Will be $183 up from $166 (Annual deductible)
  • Part B Premium – Will be $134.00 up from $121.80 (Will not apply to existing 2016 beneficiaries who have it taken out of Social Security)
  • Part D Maximum Deductible – Will be $400 up from $360 (Some plans don’t have a deductible)
  • Part D Premium National Average – Will be $35.63 up from $34.10 (Is used to determine Part D Penalty)

Feel free to contact me if you have any questions or need assistance with selecting a Medicare Plan.  I don’t charge any fees nor increase your cost.

Based in the Richmond, Va area, David Higgs of Choices In Medicare specializes in helping seniors transition to Medicare.  He can be reached at email:  David@ChoicesInMedicare.com or go to website:  www.ChoicesInMedicare.com