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.
|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.