Medicare Premiums And Deductibles For 2016

The official Medicare website, www.medicare.gov, now has 2016 Medicare premiums and deductibles information.

Medicare is administered by the Department of Health & Human Services, Centers for Medicare & Medicaid Services (CMS).

The CMS press release announcing 2016 Medicare premiums and deductibles also contains this information. Here is part of that press release:

Part B Premiums/Deductibles

As the Social Security Administration previously announced, there will no Social Security cost of living increase for 2016. As a result, by law, most people with Medicare Part B will be “held harmless” from any increase in premiums in 2016 and will pay the same monthly premium as last year, which is $104.90. 

Beneficiaries not subject to the “hold harmless” provision will pay $121.80, as calculated reflecting the provisions of the Bipartisan Budget Act signed into law by President Obama last week. Medicare Part B beneficiaries not subject to the “hold-harmless” provision are those not collecting Social Security benefits, those who will enroll in Part B for the first time in 2016, dual eligible beneficiaries who have their premiums paid by Medicaid, and beneficiaries who pay an additional income-related premium. These groups account for about 30 percent of the 52 million Americans expected to be enrolled in Medicare Part B in 2016.

As in past years. there are several different Medicare Part B (Medical) monthly premium rates in 2016.

The following is copied from the “Medicare 2015 & 2016 costs at a glance” pages of the Medicare website. Note that this is only a portion of the information there.

PartB-2016