Savings for Seniors: Lower Medicare Part B Premiums in 2023
For the first time in more than 10 years, Medicare Part B enrollees will see some of their costs decline. In an announcement issued by the Centers for Medicare and Medicaid Services (CMS), the agency outlined changes to the premium, deductible, and co-payment amounts for numerous Medicare costs taking effect in 2023.
Posted on November 11, 2022
Medicare Part B basic monthly premium = $164.90 = Savings of about $62 for the year
Medicare Part B annual deductible = $226 = Savings of $84 for the year
Other amounts, meanwhile, will rise slightly in 2023: