What will it cost me to have Original Medicare in 2017?
As January approaches, you may begin thinking about your Medicare costs in 2017. The costs listed below reflect the prices you will pay for Original Medicare beginning January 1, 2017.
For Part A, each month (in 2017) you will pay:
- Nothing if you or your spouse worked and paid Medicare taxes for 10 years or more
- $227 if you or your spouse worked and paid Medicare taxes for 7.5 to 10 years
- $413 if you or your spouse worked and paid Medicare taxes for fewer than 7.5 years
For Part A, (in 2017) your coinsurance will be:
- $0 for days 0-60 each benefit period. A benefit period begins the day you start getting inpatient care. It ends when you’ve been out of the hospital or skilled nursing facility for 60 days in a row.
- $329 each day for days 61-90 each benefit period
- and $658 per day for days 91-150 (lifetime reserve days—total of 60 lifetime reserve days which are non-renewable)
For Part A, (in 2017) your deductible will be:
- $1,316 each benefit period
For Part A, (in 2017) your skilled nursing facility (SNF) stay coinsurance will be:
- $0 for days 0-20 each benefit period
- $164.50 per day for days 21-100 each benefit period
For Part B, (in 2017) your deductible will be:
- $183 each year
For Part B, each month (in 2017) you will pay:
If your income is at or below $85,000 ($170,000 for couples).
- A $134 standard premium each month for people with Medicare Part B
People with high incomes have a higher Part B premium.
For more information on Original Medicare costs and how you can find an additional Medicare Health Plan to assist with supplementing your Original benefits, please contact a licensed insurance agent at Medicare Pathways. We are dedicated to providing Medicare Beneficiaries solutions with Health Plans meeting their financial and medical needs. Contact us at 866-466-9118 today for more information!