Medicare 2017 Costs at a Glance

Learn your Original Medicare 2017 costs

by Ray Wilson+ on Dec 21, 2016 | 3 Comments

Original Medicare 2017 costs for Medicare Part A and B have just been released. See below for what your premiums, copays, deductibles, and coinsurance Medicare costs will be.

Medicare Part A 2017 Costs

Medicare Part A covers hospitalization. Here is what you’ll pay in 2017:

  • Premium: $0 for most people, but if you don’t qualify for a $0 premium it will cost you $422*
  • Deductible: $1,364 (for each benefit period)
  • Hospitalization Coinsurance Days 1-60: $0
  • Hospitalization Coinsurance Days 61-90: $335 per day per day
  • Hospitalization Coinsurance 60 Lifetime Reserve Days: $670 per day per day
  • Hospitalization Costs after reserve days: 100% of costs
  • Skilled Nursing Facility Coinsurance Days 1-20: $0
  • Skilled Nursing Facility Coinsurance Days 21-100: $167.50 per day
  • Hospice Care: $0*
  • Home Health Care: $0**
  • Max Out of Pocket Costs: Unlimited

*If you or you spouse has not worked for a minimum of ten years at a job that pays into Social Security you are responsible for the premium.

**There may be additional durable equipment costs and/or respite care costs.

Medicare Part B 2017 Costs

Medicare Part B covers day to day care. These are your costs for 2017:

  • Premium for Enrollees prior to 2017 who pay through Social Security: $104.90 **
  • Premium for Enrollees who do not pay through SS or are new to Part B: $134**
  • Deductible: $185
  • Clinical Lab Services: $0
  • Approved doctor’s services: 20%
  • Durable Medical Equipment: 20%
  • Preventive Care: $0
  • Max Out of Pocket Costs: Unlimited

**If your annual income is 85k or higher you’ll pay a higher premium.

Medicare Out of Pocket Costs Too High?

We hear you! There are a few ways to lower these costs. If you do not have Medicaid, retiree, job-based, or other creditable insurance, you will want to consider enrolling in one of the following:

  • Medicare Advantage coverage: with a max out of pocket costs to a max at $6700, small, local network, and extras like drug coverage, dental, hearing, and vision
  • Medigap coverage: also known as Medicare Supplement plans, may cover all of your Medicare out of pockets costs and foreign travel (coverage varies by plan letter), and all add an additional 365 days of hospitalization

Learn More about Medigap Get a Medigap Quote

Learn More about Medicare AdvantageGet a MA Quote

Next Steps
For further questions about your 2017 Medicare costs call the number above.

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Reader Comments and Questions

(Click here to leave a comment)

By Dee on June 14, 2018

I have Medicare part A only am employed till July 1st 2018, can I add part B now? I am 65 and will be 66 in October 2018 and will begin SS then. Thanks




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