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.
The key changes are summarized below.
Part B: Monthly Premiums increase ~15%
The 2015 Part B Premiums are in the table above. The majority of people pay the $104.90/month in 2015.
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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.
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).
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.
- 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.
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