Fact sheet
2016 Medicare Part B Premium State-by-State Savings
2016 Medicare Part B Premium State-by-State Savings
States have programs that pay some or all of dual eligible beneficiaries’ premiums and cost sharing for certain people who have Medicare and a limited income. The Bipartisan Budget Act of 2015 mitigated the Part B premium increase for these beneficiaries, who are not held harmless, to $121.80 (as compared to the $159.30 premium estimated in the 2015 Medicare Trustees Report). The Centers for Medicare & Medicaid Services Office of the Actuary estimates that states will save $1.8 billion as a result of this premium mitigation.
Below is a state-by-state breakdown of the savings for 2016:
|
State |
Savings (in millions of dollars) |
|
Alabama |
47 |
|
Alaska |
3 |
|
Arizona |
24 |
|
Arkansas |
18 |
|
California |
288 |
|
Colorado |
21 |
|
Connecticut |
38 |
|
District of Columbia |
7 |
|
Delaware |
4 |
|
Florida |
125 |
|
Georgia |
39 |
|
Hawaii |
7 |
|
Idaho |
7 |
|
Illinois |
50 |
|
Indiana |
30 |
|
Iowa |
11 |
|
Kansas |
14 |
|
Kentucky |
22 |
|
Louisiana |
34 |
|
Maine |
21 |
|
Maryland |
29 |
|
Massachusetts |
45 |
|
Michigan |
42 |
|
Minnesota |
26 |
|
Mississippi |
26 |
|
Missouri |
18 |
|
Montana |
4 |
|
Nebraska |
9 |
|
Nevada |
8 |
|
New Hampshire |
5 |
|
New Jersey |
29 |
|
New Mexico |
18 |
|
New York |
154 |
|
North Carolina |
68 |
|
North Dakota |
1 |
|
Ohio |
51 |
|
Oklahoma |
20 |
|
Oregon |
17 |
|
Pennsylvania |
82 |
|
Rhode Island |
8 |
|
South Carolina |
19 |
|
South Dakota |
4 |
|
Tennessee |
38 |
|
Texas |
128 |
|
Utah |
4 |
|
Vermont |
0 |
|
Virginia |
35 |
|
Washington |
43 |
|
West Virginia |
15 |
|
Wisconsin |
17 |
|
Wyoming |
2 |
|
Total |
1,773 |
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