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Medicare Blog | Medicare News | Medicare Information

[INFOGRAPHIC] 2016 Medicare Parts A & B Premiums and Deductibles Announced

Posted by Carly Callahan on Thu, Nov 12, 2015 @ 12:35 PM

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On Tuesday, the Centers for Medicare & Medicaid Services (CMS) announced the 2016 premiums and deductibles for the Medicare inpatient hospital (Part A) and physician and outpatient hospital services (Part B) programs.

Lucky for you, Precision Senior Marketing has taken the time to put together the following infographic summarizing what your senior clients can expect in result from the adjustments made via the Bipartisan Budget Act singed into law by President Obama last week.

P.S. Don't be too shy to share this infographic with your clients by positing it to your Facebook page :)

Medicare Part B Premium and Deductible

  • Most Medicare Part B beneficiaries are immune from any increase in premiums in 2016 and will pay $104.90, which is the same monthly premium they paid last year
  • 30% of beneficiaries not subject to the “hold harmless” provision will pay an increased Medicare Part B monthly premium of $121.80
  • The annual deductible for all Medicare Part B beneficiaries will be a flat rate of $166.00

Medicare Part A Deductible

  • Beneficiaries will face a 2% increase in Medicare Part A deductible and coinsurance amounts for inpatient hospital, skilled nursing facility, and some home health care services in 2016

Premiums for Medicare Advantage and MAPD plans already finalized are unaffected by this announcement.

Find the original press release from CMS here!


 
 
 
 
To get more information about state-by-state savings, visit the CMS website at: https://www.cms.gov/Newsroom/MediaReleaseDatabase/Fact-sheets/2015-Fact-sheets-items/2015-11-10.html .

For more information on the 2016 Medicare Parts A and B premiums and deductibles (CMS-8059-N, CMS-8060-N, and CMS-8061-N), visit: https://www.federalregister.gov/public-inspection

Sources: www.cms.gov

Additional Updates:

Tags: Medicare Part A, Medicare Part B, Medicare Premiums

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