12/18/15
2016 Medicare Premiums and Deductibles
The Centers for Medicare and Medicaid Services (CMS) has announced the 2016 Medicare premiums and deductibles. As the Social Security Administration previously announced, there will no Social Security cost of living increase for 2016. As a result, by law, most people with Medicare Part B will be “held harmless” from any increase in premiums in 2016 and will pay the same monthly premium as last year, which is $104.90. Beneficiaries not subject to the “hold harmless” provision will pay $121.80, as calculated reflecting the provisions of the Bipartisan Budget Act signed into law by President Obama. Medicare Part B beneficiaries
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