CMS (Centers for Medicare and Medicaid Services) has announced the Medicare Part A & Part B costs for 2023.

Part A

Part A deductible 2033 is $1,600.00 per period, an increase of $44.00.

Part A deductible in 2022 was $1,556.00 per period.

Part B Premium

The standard monthly premium in 2023 is $164.90 or $5.20 lower than in 2022

The standard monthly premium in 2022 was $170.10

Note: People in higher-income brackets will pay a greater Part B monthly premium.

Part B Deductible

The annual deductible in 2023 is $226.00, a decrease of $7.00 from 2022

The annual deductible in 2022 was $233.00

Click here to see more detailed information directly from the CMS website.

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