MEDICARE PREMIUM RATES for 2017
Part A (hospital insurance) premium:
Most people do not pay a premium with a work history of 40 or more quarters.
If you have 30 - 39 quarters of employment the premium is $227 per month.
If you have less than 30 quarters you pay $413 per month.
Part A Deductible and Co-pays:
Part A Deductible for each benefit period:
Hospital Inpatient Co-pays:
$0 for days 1-60
$329 per day for days 61-90
$658 per day for days 91-150
All costs for all days after 150
Skilled Nursing Facility
$0 for days 1-20
$164.50 per day for days 21-100
All costs for all days after 100
Home Health Care
$0 for home health care services
20% of the Medicare approved amount for durable medical equipment
$0 for hospice care
Late Enrollment Penalty
If you aren't eligible for premium free Part A and you don't buy it when first eligible, your monthly premium may go up 10%. You'll pay this penalty for twice the number of years you could have had Part A but didn't.
Part B (doctor & outpatient insurance) premium:
These amounts are for 2017. If you had Medicare in 2015 or 2016 and your Part B premium was taken out of your Social Security check the amount you pay will increase by an average of $5 for 2017. The actual amount depends on income.
$0.00 per month if your income is below $16,284 (single tax filing status) or $21,876 (joint tax filing status).(There is also an asset test of no more than $7280 single or $10,930 couple)
$134 per month if your income is below $85,000 (single tax filing status) or $170,000 (joint tax filing status).
Up to $428.6 for high income beneficiaries. Click Here for more info.
Part B Deductible and Co-insurance:
Part B Deductible: $183 per year
Part B Co-insurance:
After your deductible is met, you typically pay 20% of the Medicare approved amount for MOST doctor services (including most doctor services while you're a hospital inpatient), outpatient therapy, and durable medical equipment.