Medicare Premium Set for 2016

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