The official Medicare website, www.medicare.gov, now has 2016 Medicare premiums and deductibles information.
Medicare is administered by the Department of Health & Human Services, Centers for Medicare & Medicaid Services (CMS). The CMS press release announcing 2016 Medicare premiums and deductibles also contains this information. Here is part of that press release:
Part B Premiums/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 last week. Medicare Part B beneficiaries not subject to the “hold-harmless” provision are those not collecting Social Security benefits, those who will enroll in Part B for the first time in 2016, dual eligible beneficiaries who have their premiums paid by Medicaid, and beneficiaries who pay an additional income-related premium. These groups account for about 30 percent of the 52 million Americans expected to be enrolled in Medicare Part B in 2016.
As in past years, there are several different Medicare Part B (Medical) monthly premium rates in 2016. The following is copied from the “Medicare 2015 & 2016 costs at a glance” pages of the Medicare website. Note that this is only a portion of the information there.
2016If your yearly income in 2014 (for what you pay in 2016) was You pay (in 2016) File individual tax return File joint tax return File married & separate tax return $85,000 or less $170,000 or less $85,000 or less $121.80 above $85,000 up to $107,000 above $170,000 up to $214,000 Not applicable $170.50 above $107,000 up to $160,000 above $214,000 up to $320,000 Not applicable $243.60 above $160,000 up to $214,000 above $320,000 up to $428,000 above $85,000 and up to $129,000 $316.70 above $214,000 above $428,000 above $129,000 $389.80