2018 Medicare Parts A and B Costs Announced

2018 Medicare Parts A and B Costs Announced

On November 17, 2017, the Centers for Medicaid & Medicare Services (CMS) announced the 2018 Medicare Parts A and B costs.

The Medicare Part B premium has not changed – it will be $134 in 2018. Some beneficiaries who were held harmless against Part B premium increases in prior years will have a Part B premium increase in 2018, but the premium increase will be offset by the increase in their Social Security benefits next year.

The Part B deductible is also staying the same at $183.

Here is the 2018 Medicare Part B premium chart, showing the total monthly premium for each income class:

Medicare Part B 2018 Premiums

The 2018 Medicare Part A deductible is increasing to $1,340, a $24 increase since 2017.

While most people don’t pay a Medicare Part A premium, for those that do, this cost is increasing. If you buy Part A and you paid Medicare taxes for less than 30 quarters, you'll pay $422 each month (a $9 increase since 2017). If you paid Medicare taxes for 30-39 quarters, your new Part A premium is $232 (a $5 increase since 2017).

For those of you who have Medicare Advantage clients, their monthly premiums are expected to decrease by about 6%, averaging $1.91 of savings.

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Medicare Parts A and B This guide explains to your clients what Medicare Parts A & B are, and what each part covers. If you like it, we'll even customize it for you!

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