2017 MEDICARE COST SHARING

SOCIAL SECURITY COST OF LIVING INCREASE 2017

• The Cost of Living Increase (COLA) for 2017 is 0.3%.

MEDICARE PART A HOSPITAL COST SHARING 2017

• Deductible – $1,316 per benefit period for Days 1-60

• Coinsurance:
  • $329 a day for 61^st – 90^th day each benefit period
  • $658 a day for 91^st – 150^th day each benefit period
    • Also known as “Lifetime Reserve Days”

• Skilled Nursing Facility

• Coinsurance:
  • $164.50 a day for 21^st – 100^th day each benefit period

MEDICARE PART B MEDICAL PREMIUMS 2017

• Standard Monthly Premium – $134
• The Social Security Act contains a “Hold Harmless” provision that protects Medicare beneficiaries from paying a larger percentage increase in the Medicare Part B premium than they receive in their COLA.
• The premium for Medicare beneficiaries protected from the “Hold Harmless” will vary depending on the person’s Social Security benefit in 2017. For example:
  • If your 0.3% COLA in 2017 amounted to $3.00 per month, your Medicare Part B premium could increase no more than $3.00 per month.
• Medicare beneficiaries who are protected by this provision include:
  • 2016 Medicare Part B enrollees (before 1/1/2017) that have their premiums withheld from their SSA check and have incomes below $85,000 for a single and $170,000 for a couple.

MEDICARE PART B DEDUCTIBLE 2017

• Annual – $183

If you have questions about your Medicare coverage or costs associated with Medicare, contact the Senior LinkAge Line^® at 1-800-333-2433.  The Senior LinkAge Line^® is a service of the Minnesota Board on Aging and the Minnesota River Area Agency on Aging^®, Inc.