While most beneficiaries were protected from a premium increase because of the Social Security hold harmless provision, the basic Medicare Part B premium increased to $134.
However, out-of-pocket costs have increased for all on Medicare.
NOTE: Many beneficiaries are protected from these costs because they have supplemental coverage. Congress is looking at changing the rules so that supplemental plans cannot provide full insulation from out-of-pocket costs.
Changes for 2017 are:
The Part A hospital deductible is increasing from $1,288 to $1,316.
Hospital co-payments for the 61st through 90th days are increasing from $322 to $329.
Lifetime reserve days co-payments are increasing from $644 to $658.
Skilled nursing facility co-payments for the 21st through 100th days are increasing from $161 to $164.
The Part B annual deductible is increasing from $166 to $183.
The Part D annual deductible is increasing from $360 to $400.
The Part D annual out-of-pocket limit is increasing from $4,850 to $4,950.