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2016 Medicare Deductible and Premiums

CMS published a news release November 10, 2015, announcing Medicare premiums and deductibles for 2016.

The 2016 Medicare Part B deductible is $166, which is a $19 increase from 2015. This is the first increase since 2013.

With no Social Security cost of living increase in 2016, most Medicare beneficiaries will continue to pay premiums of $104.90 a month for Medicare Part B.

Medicare beneficiaries with taxable income greater than $85,000 for an individual or $170,000 for a couple pay higher Medicare Part B premiums.

Changes do exist for Part A and skilled nursing facility benefits. Additional details can be found at: https://www.cms.gov/Newsroom/MediaReleaseDatabase/Press-releases/2015-Press-releases-items/2015-11-10.html

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