Medicare 2017 Costs at a Glance

Learn your Original Medicare 2017 costs

by Ray Wilson+ on Dec 21, 2016 | 1 Comment

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 $413*
  • Deductible: $1,316 (for each benefit period)
  • Hospitalization Coinsurance Days 1-60: $0
  • Hospitalization Coinsurance Days 61-90: $329 per day per day
  • Hospitalization Coinsurance 60 Lifetime Reserve Days: $658 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: $164.50 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: $183
  • 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

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By Gann on August 24, 2017

Still employed and insured. Started Medicare A when I turned 65. I will be 66 in October 2017. I will still be working until end of year and insured. I requested Medicare B when I requested SS. I put date for Medicare B to start in December. Will I be able to get Medicare Supplemental? Thank you

Gann,
Your deadlines begin when your Part B becomes effective. You will have 6 months after your Part B effective date to select a Medicare Supplement (AKA Medigap plan) without health review. If you wait beyond that date, you will have to answer health questions and could be turned down. Check out our Medicare Deadline Calculator here to make sure you do not miss any dates!
-Chris from senior65.com


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