Last Modified: 12/26/2017
Location: FL, PR, USVI
Business: Part A, Part B
Update to Medicare deductible, coinsurance, and premium rates for 2016
Effective date January 1, 2016
Implementation date: January 4, 2016
Summary
The Centers for Medicare & Medicaid Services (CMS) issued the 2016 deductibles, coinsurance, and premium rates for beneficiaries covered through the Medicare fee for service program. The 2016 deductible, coinsurance and base premium rates are:
2016 Part A - Hospital insurance
Deductible: $1,288.00
Coinsurance
• $322 a day for 61st-90th day
• $644 a day for 91st-150th day (lifetime reserve days)
• $161 a day for 21st-100th day (skilled nursing facility coinsurance)
2016 Part B - Supplementary medical insurance (SMI)
Under Part B of the Medicare supplementary medical insurance (SMI) program, enrollees are subject to a monthly premium. Most SMI services are subject to an annual deductible and coinsurance (percent of costs that the enrollee must pay), which are set by statute.
Deductible: $166 a year
Coinsurance: 20 percent
Information on claims processing for HCV screens and other details are available in MLN MattersŪ article MM9410 
.
.Source: MM9410
First Coast Service Options (First Coast) strives to ensure that the information available on our provider website is accurate, detailed, and current. Therefore, this is a dynamic site and its content changes daily. It is best to access the site to ensure you have the most current information rather than printing articles or forms that may become obsolete without notice.
Help us make your experience better. Each new idea, self-service tool, or new article depends on you and your participation in our ForeSee customer satisfaction survey. Share your feedback, click here to take the survey now.
WHEN EXPERIENCE COUNTS & QUALITY MATTERS
All contents © 2018 First Coast Service Options Inc.
