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
$329 a day for 61st – 90th day each benefit period
$658 a day for 91st – 150th day each benefit period
Also known as “Lifetime Reserve Days”
Skilled Nursing Facility
$164.50 a day for 21st – 100th 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.
AREA AGENCY ON AGING
201 N. Broad St.
Provided through Older Americans Act funding from the Minnesota Board on Aging.