Medicare Part A and B deductibles will be increasing for next year (the 20% coinsurance rate that applies after the Part B deductible is met will not change).
The deductible for HIF Medicare Supplement plans (currently $2200) is expected to increase slightly for next year as well (maximums on Medicare Supplement Plans K and L will also change).
Assuming the announcement is made in time, we'll explain these changes in the December newsletter.
These changes will have NO effect on Medicare Advantage (MA), Medicare Advantage Prescription Drug (MAPD) or stand-alone Part D plans, as these plans have already been announced and are contractual agreements between the insurance carriers and the Centers for Medicare and Medicaid (CMS).
Changes in IRMA will affect Medicare Part B (provider) premiums and the surcharge that will apply to prescription drug plans, whether included with a Medicare Advantage plan or purchased on a stand-alone basis.
If you have a Medicare Supplement plan, any increases that affect an item covered by your particular Supplement plan will be passed on to that plan. (For example, a Plan F fully supplements Medicare deductibles, co pays and coinsurance. This means that Plan F benefits will increase to account for the Medicare Part A and B increases, and that those with Plans C or F will have no out of pocket requirements for any service covered by Part A or B of Medicare.
Except for the increase in the Part B deductible (which is not covered in these plans), benefits for Plans G and N will also be adjusted accordingly. The only change that individuals with these plans will see is that their deductible for medical services will increase (that amount is $183 for 2017).