CMS confirms good news for Medicare Part B holders in 2016

Next year Medicare beneficiaries and state budgets will keep more money in their wallets thanks to some consistencies, and some changes, in healthcare reforms.

                                                         

For those currently enrolled in Medicare Part B, monthly premiums — currently around $104 — will remain unchanged, according to a CMS announcement.

 

For one-third of some 52 million Americans planning to enroll in Medicare Part B next year, however, the "hold harmless" premium provision does not apply. A 2015 Medicare Trustees report places 2016 premiums for new members around $160 per month.

 

CMS also said impending premium modifications will save states a total of $1.8 billion next year. California leads the pack with the most savings potential, estimated around $288 million by the CMS office of the actuary. New York comes in second place with predicted savings of $154 million, and Texas ranks third at $128 million.

"Affordability for Medicare enrollees is a key goal of our work building a healthcare system that delivers better care and spends healthcare dollars more wisely," said CMS acting administrator Andy Slavitt.

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