Medicare 2017 changes

Part A – Hospital Insurance                   
Standard Premium $0 for most people (with 40 work credits, 10 years of tax payments).
  $413 per month  for people with less than 30 work credits.
  $227 per month for people with 30 – 39 work credits.
Part A Deductible $1,316 for each benefit period
Part A Coinsurance $0 for days 1-60, $329 per day for days 61 to 90, $658 per day for days 91-150, and all costs after day 150
Skilled Nursing FacilityCoinsurance $0 for days 1-20, $164.50 per day for days 21-100, and all costs for Days after 100
   
Part B –Medical provider and Durable Medical Equipment Insurance  
Standard Premium $109.00 per month for those previously on social security. New enrollees will pay $134.00. The rate scales up to $294.60 per month when income tops $214,000 (single filing status), and $428.60 when income exceeds $428,000 (joint filing status).
Part B Deductible $183
   
Part D – PDP (Prescription Drug Plans)  
Base Premium $35.63 per month.  This base premium is used only for determining certain means based monthly premium adjustments and for computing late enrollment surcharges.  Each drug prescription insurance company establishes their own monthly premium which includes establishing formularies (their list of drugs covered). The rate scales up to $76.20 plus your plan premium per month when income tops $214,000 (single filing status), and scales up to $76.20 plus your plan premium when your income exceeds $428,000 (joint filing status). 
   
Late enrollment penalties  
   
Part A 10% surcharge paid for a period equal to twice the number of years  you were entitled to Part A but chose not to enroll.
   
Part B 10% surcharge for as long as you have Medicare. The penalty increases by 10% for each full 12-month period you were entitled to Part B but chose not to enroll.
   
Part D The late enrollment penalty is calculated by multiplying 1% of the National base premium (see above) times the number of full, uncovered  months that you were eligible but didn’t join a Medicare drug plan.