2017 Cost-of-living adjustments for Medicare benefits
By Milliman Employee Benefits Research Group
15 November 2016
The Department of Health and Human Services’ Centers for Medicare and Medicaid Services (CMS) has announced cost-of-living adjusted figures for Medicare Part A and Part B for 2017. In April 2016, CMS announced the updated amounts for the Medicare Part D standard prescription drug benefit for 2017. Employers that sponsor retiree health programs that are coordinated with Medicare should take into account the adjusted figures and may have to modify their administrative and payroll systems to accommodate the new limits.