Health Plan Premium Increases for 2016

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Projections for 2016

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One Response

  1. Medicare Part B Monthly Premiums Will Increase to $121.80 in 2016

    Kaiser Family Foundation recently released an article on Medicare Part B pricing for 2016 and how the numbers differ from initial projections. Here are some key findings from the report:

    • The 2016 Medicare Part B monthly premium and annual deductible are $121.80 and $166.
    • This amount includes a $3 repayment surcharge to cover the cost of the reduced premium rate in 2016.
    • The Part B monthly premium will increase by 16% for 30% of Part B enrollees.
    • 70% of Part B enrollees are protected from the increase by the hold-harmless provision.
    • The number of Part B enrollees are projected to increase by 1.4 million between 2015 and 2016.
    • States will save $1.8 billion due to the actual premium for 2016 being lower than the projection.

    Source: Kaiser Family Foundation, November 12, 2015

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