703-329-0900

Medicare Announces Year 2016 Part B Premiums

This week, the Centers for Medicare and Medicaid announced the year 2016 Medicare Part B premiums. Much discussion and lobbying preceded the announcement, mostly due to the threat of large increases and a lack of a Social Security Cost of Living Adjustment. In the end, some premium amounts changed, while others did not.

 

Click here for the chart, and then find your income level on the 2016 chart to determine your premium amount for 2016.

 

Additionally, the annual deductible for Part B is rising, from $147 per year to $166.