For most people, the premium for Part B Medicare will be $121.80 in 2016. Part B recipients paying for Part B through Social Security in 2015 will still be paying $104.90 in the new year. Those new to Medicare and those delaying Social Security will pay the higher amount.
Cost Sharing Amounts for 2016 are as follows:
|Part A Deductible||$1,288 deductible for each benefit period|
|Hospital||Days 1-60: $0 coinsurance for each benefit period|
|Days 61-90: $322 coinsurance per day of each benefit period|
|Days 91 and beyond: $644 coinsurance per each “lifetime reserve day” after day 90 for each benefit period (up to 60 days over your lifetime)|
|Part B Deductible||$166.00 annual deductible|
|20% of Part B charges|