2017 Medicare Premium Increase Announced

Image courtesy of the Huffington Post

According to the Centers for Medicare and Medicaid Services, the average premium for Medicare Part B, which covers physician services, outpatient hospital services and medical equipment, will rise to approximately $109.00.

“That’s just slightly more than the typical premium of $104.90, which has been in place for the last four years,” said Darla Mercado personal finance writer for CNBC.

Mercade insists that you can expect to pay these higher Medicare Part B costs in the following situations:

  • You’re eligible to enroll in Medicare for the first time in 2017.
  • You’re enrolled in Medicare, but you’re not collecting Social Security.
  • You’re already subject to Medicare premium surcharges because you didn’t enroll on time and you pay a penalty.

Click the link below for more from Mercado and her breakdown of what your premiums will look like in 2017.

Read more…

Find Your Perfect Medicare Plan in Seconds

A message from MediQuote

There’s never been an easy way for Medicare beneficiaries to comparison shop for all available Medicare plans in one place, until now.

 

Medicare World Editorial Team
The Medicare World editorial team works diligently to make sure our stories are informative, unbiased, and of utmost relevance to our readers. Our team of researchers and writers presents the best and latest information on all things Medicare, including legislation, enrollment rules, changes in coverage and costs, and health information. We enjoy keeping our readers up-to-date and helping them navigate the often-complicated Medicare maze.

Recommended for You