Every year CMS (Center for Medicare Services) lists basic costs for people with Medicare. These are general, and do not include specific health care plan costs. If you have questions about specific Medicare Supplement Plan costs, please call 516-900-7877 and speak with a licensed Medicare agent.

2016 Costs At A Glance

PART A PREMIUM: The majority of people do not pay a monthly premium for Part A (which is sometimes called “Premium-Free Part A”). If you do have to pay for Part A, the cost is $411 every month.

PART A HOSPITAL INPATIENT DEDUCTIBLE & COINSURANCE: Each benefit period has a deductible of $1,288. When you are in the hospital from day 1-60, you pay $0 for coinsurance. Days 61-90 you pay $322 coinsurance every day, for each benefit period. If you are in the hospital for longer than 90 days, you pay $644 coinsurance for each “lifetime reserve day” and after day 90 for each benefit period. If you are in the hospital longer than lifetime reserve days you are responsible for all costs.

PART B PREMIUM: Most people pay $121.80 per month. Those who have a higher annual income may pay more. If you have questions on Part B costs, please call a licensed Plan Medicare agent at 516-900-7877.

PART B DEDUCTIBLE & COINSURANCE: Typically, people pay $166 per year. After you reach your deductible, most people pay 20% of the Medicare-approved amount for the majority of doctor services (including while you are in hospital), outpatient therapy and durable medical equipment.

PART C PREMIUM: Part C monthly premiums vary by specific plan. If you have questions on Part C costs, please call a licensed Plan Medicare agent at 516-900-7877.

PART D PREMIUM: Part D monthly premiums vary by specific plan and by your income. Those who have a higher annual income may pay more. If you have questions on Part D costs, please call a licensed Plan Medicare agent at 516-900-7877.

These are general costs and are only meant to give you a sense of the 2016 Original Medicare costs. It’s important to meet with a Medicare agent to get a true cost comparison and find the best, most affordable plan. To get your personalized free Medicare quote, please call 516-900-7877 now.