February 21, 2017

3 Changes to Medicare in 2017

Image result for medicare

Premiums and deductibles are heading higher in 2017. Here are the details you need to know.

Brian Feroldi (TMFTypeoh)

Medicare provides healthcare coverage to tens of millions of Americans, making it one of the country’s most important social programs. With each passing year, the government makes a few tweaks to the way the program operates, making it critical for current and future recipients alike to keep up with what’s new.Here’s a look at three key changes happening to Medicare in 2017.Here’s a table that helps to summarize some of the changes:

File Individual Tax Return	File Joint Tax Return	File Married & Separate Tax Return	Monthly Cost (2016)	Monthly Cost (2017)
$85,000 or less	$170,000 or less	$85,000 or less	$121.80	$134.00
above $85,000 up to $107,000	above $170,000 up to $214,000	Not applicable	$170.50	$187.50
above $107,000 up to $160,000	above $214,000 up to $320,000	Not applicable	$243.60	$267.90
above $160,000 up to $214,000	above $320,000 up to $428,000	above $85,000 and up to $129,000	$316.70	$348.30
above $214,000	above $428,000	above $129,000	$389.80	$428.60

DATA SOURCE: MEDICARE.GOV.

Read the entire article here.