Every year Medicare deductibles and co-payments are adjusted to reflect inflation. Changes for 2017 are:
- The Part A hospital deductible is increasing from $1,288 to $1,316.
- Hospital co-payments for the 61st through 90th days are increasing from $322 to $329.
- Lifetime reserve days co-payments are increasing from $644 to $658.
- Skilled nursing facility co-payments for the 21st through 100th days are increasing from $161 to $164.
- The Part B annual deductible is increasing from $166 to $183.
- The Part D annual deductible is increasing from $360 to $400.
- The Part D annual out-of-pocket limit is increasing from $4,850 to $4,950.
In 2017, the standard Part B premium amount will be $134.00, up from $121.80 per month (or higher depending on income). However, most people who get Social Security benefits will pay less than this. This is because there is a hold-harmless provision that limits the dollar increase for Part B premiums to the dollar increase in Social Security benefits. The cost-of-living adjustment to Social Security benefits for 2017 is only 0.3%. The full $134 premium for 2017 premium will apply if a person:
- Enrolls in Part B for the first time in 2017.
- Doesn’t get Social Security benefits.
- Is directly billed for Part B premiums.
- Has Medicare and Medicaid, and Medicaid pays the premiums. (The state will pay the standard premium amount of $134.)
- Has modified adjusted gross income from 2 years ago that is above a certain amount:
|If yearly income in 2015 was:||2017 Monthly Premium|
|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||$134.00|
|above $85,000 up to $107,000||above $170,000 up to $214,000||Not applicable||$187.50|
|above $107,000 up to $160,000||above $214,000 up to $320,000||Not applicable||$267.90|
|above $160,000 up to $214,000||above $320,000 up to $428,000||above $85,000 and up to $129,000||$348.30|
|above $214,000||above $428,000||above $129,000||$428.60|