2023 Medicare Parts A & B Premiums and Deductibles

 

The Centers for Medicare and Medicaid Services (CMS) recently announced their 2023 Copay/Deductibles. Listed below are basic costs for people with Medicare.

Features 2022 2023
Part A Inpatient Hospital Deductible $1,556 $1,600
Hospital Coinsurance
61-90 days
91-150 days (lifetime reserve)
$389
$778
$400
$800
Skilled Nursing Facility Care Coinsurance Days 21-100 $194.50 $200.00
Part B Physician’s Services and Supplies Deductibles $233.00 $226.00

 

The standard monthly premium for Medicare Part B will be $164.90 for 2023. This may be higher depending on your income.

For those who receive Social Security benefits, the average Part B premium will be about $164.90. Individuals will pay a different premium amount in 2023 if:

· They enroll in Part B for the first time in 2023.

· They don’t get Social Security benefits.

· They have Medicare and Medicaid, and Medicaid pays their premiums.

· Their modified adjusted gross income as reported on their IRS tax return from 2 years ago is above a certain amount.

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