2018 Medicare Part A and B Premiums and Deductibles Announced

Last week CMS released the Medicare Part A and B premium, deductible, and co-insurance amounts for 2018.

The Part B premium will not increase and will remain at $134 for 2018. This premium will apply to new enrollees, individuals who are not currently receiving Social Security benefits, and those who currently pay more than the standard premium due to an IRMAA. Those who are already enrolled in Medicare Part B and who are currently receiving Social Security benefits and are not subject to an IRMAA will likely not be charged the full premium, but may still see a premium increase due to the Social Security Cost of Living Adjustment for 2018. Beneficiaries who are impacted by this “hold harmless” provision who want to find out exactly what their premium will be for 2018 should contact Social Security directly.

The Part B deductible will remain at $183 for 2018, the same as in 2017.

The Part A deductible and coinsurance amounts can be found in the table below.

Inpatient hospital deductible $1340
Daily coinsurance for days 61-90 $335
Daily coinsurance for lifetime reserve days $670
Skilled nursing facility daily coinsurance for days 21-100 $167.50

You can view the complete CMS fact sheet by clicking here.

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