2017 & 2018 costs at a glance

Did you know that Medicare premiums and cost sharing numbers have been released? (source: Medicare.gov)

  • Part A premium
    • Most people don’t pay a monthly premium for Part A (sometimes called “premium-free Part A”). If you buy Part A, you’ll pay up to $413 each month ($422 in 2018). If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $413 ($422 in 2018). If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $227 ($232 in 2018).
  • Part A hospital inpatient deductible and coinsurance
    • You pay:
      • $1,316 deductible for each benefit period ($1,340 in 2018)
      • Days 1-60: $0 coinsurance for each benefit period ($0 in 2018)
      • Days 61-90: $329 coinsurance per day of each benefit period ($335 in 2018)
      • Days 91 and beyond: $658 coinsurance per each “lifetime reserve day” after day 90 for each benefit period (up to 60 days over your lifetime) ($670 in 2018)
      • Beyond lifetime reserve days: all costs (all costs in 2018)
  • Part B premium
    • The standard Part B premium amount is $134 (or higher depending on your income) ($134 in 2018). However, some people who get Social Security benefits will pay less than this amount ($109 on average in 2017; $130 on average in 2018).
  • Part B deductible and coinsurance
    • $183 per year ($183 in 2018). 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.
  • Part C premium The Part C monthly premium varies by plan. Compare costs for specific Part C plans.
  • Part D premium The Part D monthly premium varies by plan (higher-income consumers may pay more). Compare costs for specific Part D plans.

For more details visit Medicare.gov

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