MEDICARE 2023 FIGURES MEDICARE PART A: HOSPITAL SERVICES Inpatient hospital deductible $1,600/illness Daily co-insurance…
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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