Medicare premium to rise modestly for most beneficiaries

Medicare has announced the "Part B" premium for 2017, and for most beneficiaries it's a modest increase.

Next year's tiny Social Security cost-of-living increase means that about 70 percent of Medicare recipients will be protected from rising . For this group, the average premium will be about $109 a month.

That's about 4 percent more than the $104.90 they paid this year.

Medicare's Part B covers outpatient services such as office visits.

For the remaining beneficiaries, the average 2017 premium will be $134, or 10 percent higher.

On top of the basic premium, individual retirees making more than $85,000 and with incomes above $170,000 pay an extra surcharge. Those range to nearly $300 at the highest levels.

The Part B deductible will be $183.


Explore further

Medicare announces 'Part B' premiums for outpatient care

© 2016 The Associated Press. All rights reserved.

Citation: Medicare premium to rise modestly for most beneficiaries (2016, November 10) retrieved 12 December 2019 from https://medicalxpress.com/news/2016-11-medicare-premium-modestly-beneficiaries.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
13 shares

Feedback to editors

User comments