CMS publishes updated 2018 Medicare cost-sharing amounts

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The Centers for Medicare & Medicaid Services (CMS) recently published updated cost-sharing amounts for 2018 which are outlined below.

2018 Medicare Costs at a Glance
Standard Part B Premium Most people pay $134 each month
Medicare Part B deductible (Medical deductible) $183 per year
Medicare Part A deductible (Hospital deductible) $1,340 for each benefit period

Beneficiaries will pay $134 (or higher depending on income) if they:

Enroll in Part B for the first time in 2018, or
Are directly billed for their Part B premium, or
Are dually eligible for Medicaid and have their premium paid by state Medicaid agencies pay an income-related premium
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. Social Security will confirm with beneficiaries the exact amount of their Part B premium. Please contact Total Benefit Solutions Inc., your independent broker: (215) 355-2121 if you have any questions or concerns.

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