2023 Medicare Part B Premium Decrease

The Center for Medicare and Medicaid Services (CMS) released on September 27, 2022 information about the 2023 premiums, deductibles and coinsurance amounts for the Medicare Part A and Part B programs, and the 2023 Medicare Part D income-related monthly adjusted amounts.

Based on the updated CMS release the standard Medicare Part B premium will be $164.90 for 2023, a decrease of $5.20 from $170.10 in 2022. The annual deductible for all Medicare Part B beneficiaries is $226 in 2023, a decrease of $7 from annual deductible of $233 in 2022.

Medicare Open Enrollment for 2023 will begin on October 15, 2022 and ends on December 7, 2022.

For more information, please see the CMS Factsheet on 2023 Medicare Part A&B Premiums and Deductibles 2023 Medicare Part D Income-Related Monthly Adjustment Amounts:

https://www.cms.gov/newsroom/fact-sheets/2023-medicare-parts-b-premiums-and-deductibles-2023-medicare-part-d-income-related-monthly

 

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