CMS Finally Issues the 2017 Medicare Deductible and Coinsurance Amounts

The Medicare Part A and B beneficiary cost sharing amounts for 2017 has been recently declared by CMS. In context to Part A, the 2017 deductible for hospital inpatient admissions for the first 60 days of care will be $1,316, followed by $329 each day for days 61-90 and $658 each day for stays beyond the 90th day in a benefit time period. $164.50 will be the daily skilled nursing facility coinsurance for days 21 through 100 in a benefit period. 2017 Medicare Part A premium amounts for the uninsured aged and disabled people who’ve exhausted other entitlement have also been released by CMS.

Moreover, a “hold harmless” policy will again be reflected by 2017 Medicare Part B premiums and deductibles that reduce the premium increase for most beneficiaries due to a low Social Security cost-of-living adjustment applicable next year. For such beneficiaries, the average monthly premium will be almost $109, in contrast to $104.90 in the year of 2016. For approximately 30% of beneficiaries not subject to the hold harmless policy, the standard monthly Part B premium will rise or increase from $121.80 in the year of 2016 to $134 for 2017 year. Higher-income beneficiaries (income higher than $85,000 individual/$170,000 joint) pay an income-related premium ranging from $187.50 to a maximum of $428.60 each month. The Part B deductible of 2017 is $183 for all Part B beneficiaries.