2024 Medicare Premiums and Deductibles Are Here
The Centers for Medicare & Medicaid Services (CMS) announced on October 12, 2023 the 2024 Medicare Part A and B costs.
The Medicare Part B premium is increasing by $174.70 in 2024, an increase of $9.80 from 2023.
The Part B deductible will rise to $240, up by $14 from 2023.
CMS says these price hikes are related to the 340B-acquired drug payment policy.
For those with a high income, premiums are also increasing.
For more information about the Medicare 2024 premiums and deductibles, visit the CMS Fact Sheet.
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John Hockaday is the Principal of New Horizons Insurance Marketing and the co-Founder of Sams/Hockaday & Associates. John has been business partners with Jeff Sams since 1981.
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