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2016 Medicare Figures

This update provides new Medicare Figures for 2016. This is the second of a four-part series of updates for 2016. Click here to read part one.

Medicare Part A: Hospital Services
Inpatient hospital deductible $1,288/illness
Daily co-insurance

 

$0/day 1-60

$322/day 61-90

$644/day 91-150

 

Skilled Nursing Facility (SNF)

Daily co-insurance amount

 

$0/day 1 – 20

$161/day 21 – 100

Part A Premiums

for those not otherwise entitled to Part A

benefits who purchase Medicare coverage

 

Medicare Covered Employment –

Less than 30 quarters:   $411/month

30 to 39 quarters:         $226/month

(If you pay a late enrollment fee, the premium

could be higher.)

 

Medicare Part B: Physician Services
Deductible $166 per year
Co-insurance 20% of approved charge
Balance Billing 15% of approved charge

 

Medicare Part B Premiums:

You Pay

 

                     If Your Yearly Income Is

Single Married Couple
$121.80 $85,000 or less $170,000 or less
$170.50 $85,001-107,000 $170,001-214,000
$243.60 $107,001-160,000 $214,001-320,000
$316.70 $160,001-214,000 $320,001-428,000
$389.80 Above $214,000 Above $428,000

 

To download the PDF version of this chart, click here.

For more info on Medicare, visit http://www.medicare.gov/Publications/Pubs/pdf/10050.pdf

If you found this information helpful, check back over the next few weeks to view the 2016 updates for Medicaid and Veteran Benefits.

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