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Medicare Beneficiaries Get a Premium Price Break

Started by Epoch-Times-Bot, Nov 03, 2022, 12:00 PM

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Epoch-Times-Bot

Nov 03, 2022, 12:00 PM
Medicare Beneficiaries Get a Premium Price Break

By Elaine Silvestrini
From Kiplinger’s Personal Finance
Question: With inflation pushing up the price of just about everything, will Medicare Part B premiums also be rising for 2023?
Answer: No. Medicare beneficiaries are getting a rare bit of good news as their Part B premiums and deductibles will tick down next year after the government health insurance plan spent less than projected in 2022. Unfortunately, the cost reductions beneficiaries will see next year are much smaller than the increases they shouldered this year. But costs will also go down for Medicare Advantage and Medicare Part D prescription drug plans.
The Centers for Medicare and Medicaid Services has announced the standard Medicare premiums for Part B beneficiaries will be $164.90 a month in 2023, down $5.20 from the $170.10 monthly charge in 2022, or about 3 percent less. The annual deductible for all Medicare Part B beneficiaries will be $226 in 2023, which is $7 less than the 2022 deductible of $233....

Source: Medicare Beneficiaries Get a Premium Price Break

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