The Centers for Medicare & Medicaid Services released the 2016 premiums and deductibles for the Medicare Part A and Part B programs.
Medicare Part A Premium and Deductible
Medicare Part B Premium and Deductible
Beneficiaries who file an individual tax return with income:
Beneficiaries who file a joint tax return with income:
Income-related monthly adjustment amount
Total monthly premium amount
> $170,000 and
> $107,000 and
> $214,000 and
> $160,000 and
> $320,000 and
Part B premiums for individuals who are married, live with their spouse at any time during the taxable year, and file a separate return are:
Beneficiaries who are married and lived with their
spouse at any time during the year, but file a separate tax return from their spouse:
> $85,000 and
Medicare Parts C and D monthly premiums vary by plan.
Additional information about Medicare premium and deductibles is available from Medicare’s 2015 & 2016 Costs at a Glance and CMS press release.
The information contained in this article is provided as general guidance and may be affected by changes in law or regulation. This article is not intended to replace or substitute for accounting or other professional advice. Please consult a CBIZ professional. This information is provided as-is with no warranties of any kind. CBIZ shall not be liable for any damages whatsoever in connection with its use and assumes no obligation to inform the reader of any changes in laws or other factors that could affect the information contained herein.
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