CMS has released the 2017 Medicare costs.

PART A

Medicare Part A costs will change as follows:

  2016 2017
Inpatient hospital deductible $1,288 $1,316
Daily coinsurance for 61st-90th Day 322 329
Daily coinsurance for lifetime reserve days 644 658
Skilled Nursing Facility coinsurance 161 164.50

 

PART B

As expected, there will be a price increase to Part B premiums this year. The majority of American seniors (those that earn less than $85,000/year) fall into one of two categories. If your monthly Medicare Part B premiums last year were $104.90, then they will increase in 2017 to $109.00 per month. If your monthly premiums in 2016 were $121.80, then they will increase to $134.00 for 2017. In addition to the monthly premium increase, the Part B deductible will increase from $166 in 2016 to $183 in 2017.

More information on how Medicare works can be found here.

CMS news release can be found here.