Hi all
Apologies for the confusion related to an error in the originally posted 2017 Part B premium amount for those not held harmless in 2017. If you’ve already printed a copy of the fact sheet, click the link below and print a new one reflecting
the Part B premium amount of $134 per month.
If you saw this blurb in Benefits Alert today already, you’ll receive a corrected version as indicated below in bold.
Nov. 16, 2016
People with Medicare are looking at increases in their Parts A & B premiums and deductibles unless Congress acts before the end of this year. The Centers for Medicare & Medicaid Services (CMS) announced increases beginning Jan.
1. Absent Congressional action, about 30% of Medicare beneficiaries who are not protected by the hold harmless provision will see their
monthly Part B premium rise to $134 $137. In addition, the Part B deductible will go up to $183 and the Part A deductible to $1,316.
Download our Medicare cost chart |
Read the CMS notice
CMS announced 2017 Extra Help/Low-Income Subsidy (LIS) asset or resource limits effective Jan. 1. The 2017 resource limits are $7,390 ($11,090 if married) for the full LIS and $12,320 ($24,600 if married) for other low-income
subsidies. If a beneficiary reports in their application that they expect to use resources for burial expenses, the 2017 resource limits increase by $1,500 for the full LIS and $13,820 ($27,600 if married) for other low-income subsidies. The 2016 income limits
are effective until the Federal Poverty Level updates in early 2017.