2017 Medicare Parts A and B Premiums and Deductibles:
2017 Medicare Part B Monthly Premium Payments:
- If you are a Medicare Beneficiary and you are currently paying $104.90 per month, your 2017 monthly premium will be $109.00.
- If you are a Medicare Beneficiary and you are currently paying $121.80 per month, your 2017 monthly premium will be $134.00.
2017 Medicare Part A Copays and Deductible Amounts:
- The Deductible is increasing from $1,288.00 to $1,316.00.
- The Hospital daily coinsurance for 61st – 90th day: increasing from $322.00 to $329.00.
- Skilled Nursing Facility coinsurance: increasing from $161.00 to $164.50.
2017 Medicare Part B Deductible Amount:
- The Medicare Part B Deductible is increasing from $166.00 to $183.00
Medicare Supplement Notes:
Since Medicare is increasing all the Medicare Part A and Part B Deductibles, I expect the Medicare Supplement Plan F monthly premiums to experience higher monthly premium increases than normal. The Carriers that offer the Plan F must increase their client’s Plan F premiums to cover the increase in what the Plan F must pay out.
With the combination of the Medicare Part B monthly increases and what I expect the Plan F’s increases to be, I predict that we will see an increase in Medicare Beneficiaries electing to leave the Medicare Supplement Plan F and change to a Medicare Supplement Plan G or even the Plan N.
Why Medicare Supplement Plan G:
The Medicare Supplement Plan G offers the same exact coverage as the Medicare Supplement Plan F except the Plan G does not pay the Medicare Part B Deductible, which in 2017 is $183.00.
The reason that the Plan G is a better value than the Plan F is because on average, the Plan F is $300 to $600 more expensive the Plan G. I think that with all the cost increases and the lack of social security increases, Medicare Beneficiaries will be willing to pay the $183.00 Part B Deductible themselves to save a few hundred dollars in annual premium.
Why Medicare Supplement Plan N:
Most people do not know about Medicare Supplement Plan N. The Plan N does not pay everything like the Plan F but it is a great Medicare Supplement Plan. Again, with Medicare’s costs increasing, Medicare Beneficiaries are looking for ways to save money and keep a great Plan. Plan N offers a much lower monthly premium than the Plan F, but it covers all the big bills that Medicare does not cover. So for the Medicare Beneficiaries that are willing to have a $183.00 deductible, a $20.00 copay for the Doctor and a $50.00 copay for an ER visit, Medicare Supplement Plan N is a great fit!
My Name is Robert Bache, “MedicareBob”. I do not work for Medicare, I own a Medicare Supplement Insurance Agency, Senior Healthcare Direct. My Company has an A+ BBB rating, we have over 1,500 Facebook likes, over 40 reviews on Facebook and 40% of our new clients come from referrals from existing clients each year. We keep our clients happy by provding excellent cusotmer service. For example, we perform Medicare Supplement and Medicare Part D annual reviews every year. If you would like an advocate to help you with your Medicare insurance, please give my Company a call: 1-855-368-4717 or visit: www.SeniorHealthcareDirect.com.