CMS just announced the 2016 Medicare rates.
Medicare Part A
Medicare Part A deductible – $1,288
Days 61-90 – $322 per day
Lifetime Reserve Days – $644 per day
Skilled Nursing Rehabilitation Co-Insurance (days 21-100) $161 per day
Medicare Part B
Medicare Part B Deductible – $166
Premium for those protected by the hold harmless clause: $104.90
Those not protected by the hold-harmless clause: $121.80 (those who will enroll in Medicare Part B for the first time in 2016)
For higher income earners who will fall under the income related monthly adjustment amount (IRMAA) which according to CMS is less than 5%, the following premiums apply:
For more information about Medicare 2016 rates, view the CMS press release.
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