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2016 Medicare Changes Finalized

11/11/2015

2 Comments

 
Centers for Medicaid & Medicare Services (CMS) sent out a bulletin yesterday with the official changes for 2016 with regards to Medicare Premiums, Deductibles and Co-Pays.

The key changes are summarized below.

Part B: Monthly Premiums increase ~15%

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The 2015 Part B Premiums are in the table above.  The majority of people pay the $104.90/month in 2015.
Picture
The 2016 Part B Premiums are in the table above.  The increase is approximately 15%, except for those that are "held harmless".

Part B (Outpatient/Medical) Deductible increases $19

In 2015, the Part B deductible is $147.  In 2016, it will increase to $166.

See how this impacts Plan G and Plan F coverages.

Part A Deductible & Copays

The Part A deductible for the first 60 days of a hospitalization increases from $1,260 (in 2015) to $1,288 (in 2016).  
  • For days 61-90, there is a co-pay of $315/day in 2015.  This increases to $322/day in 2016.  
  • For days 91+, there is a co-pay of $630/day in 2015.  This increases to $644/day in 2016.

If you get transferred to a skilled nursing facility as part of a hospitalization, the first 20 days are covered by Medicare.  For days 21-100,  there is a copay of $157.50/day in 2015.  This is increasing to $161/day in 2016.
2 Comments
Bernard J. Smith
11/17/2015 04:46:26 pm

I live in south Jersey. I have a plan F at the moment. Need a quote for plan F and G

Reply
Justin Lubenow
11/17/2015 05:07:09 pm

Hi Bernard,
Thanks for reaching out. We will need a little more information to send you a quote. Could you call me at 908-272-1970?

Thanks,
Justin

Reply



Leave a Reply.

    Justin Lubenow

    See bio here

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  • Home
  • FREE Quotes
  • About YOU
    • Turning 65, Ready to enroll?
    • Working Past Age 65?
    • Already on Medicare, Looking to Save Money?
    • Currently on a Retiree Plan?
  • About Us
  • Products
    • Medicare Supplements & Medicare Advantage >
      • Medicare Supplement - Plan F >
        • Plan F (2020)
      • Medicare Supplement - Plan G >
        • Plan G (2020)
      • Medicare Supplement - Plan N >
        • Plan N (2020)
    • Medicare Part D - Prescription >
      • Free RX Analysis
    • Medicare & Dental
    • International Travel
    • Long-Term Care Insurance
    • Cancer and Heart Attack or Stroke Insurance
    • Medigap Plans
  • Workshops
    • Register for Workshop
    • Watch Workshop Now
  • Carrier Partners
  • Medicare Blog
  • Testimonials
  • Contact Us
  • Become an Agent
  • Areas We Serve
    • Mountainside, NJ
    • Philadelphia, PA
    • Scotch Plains, NJ
    • Summit, NJ
    • Westfield, NJ
    • Phoenix, AZ
  • Medicare FAQs