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Image source: Getty Images. Part B is going up. In 2025, the standard monthly Medicare Part B premium is rising from $174.40 to $185, an increase of $10.30 per month.
The Centers for Medicare and Medicaid Services (CMS) announced that 2025 monthly Part B premiums will climb to $185, an increase of $10.30 from $174.70 in 2024.
Rising Medicare Part D premiums come as retirees receive a much smaller Social Security cost-of-living adjustment in 2024 — 3.2% compared to the 8.7% increase in benefits they received in 2023.
[8] The ORR uses a matching grant program to provide funding for its affiliate voluntary agencies. These voluntary agencies are then expected to operate the program through their national networks. The ORR “awards $2 for every $1 raised by the agency up to a maximum of $2,500 in Federal funds per enrollee.
HCFA was renamed the Centers for Medicare and Medicaid Services on July 1, 2001. [9] [11] In 2013, a report by the inspector general found that CMS had paid $23 million in benefits to deceased beneficiaries in 2011. [12] In April 2014, CMS released raw claims data from 2012 that gave a look into what types of doctors billed Medicare the most. [13]
Those premiums vary by plan. Some people pay a monthly premium for inpatient hospital coverage, Part A. Many retirees will also face higher Medicare Part D prescription drug premiums in 2024 ...
Working in retirement can be a smart way to create financial stability, but in some cases, your income could shrink your Social Security benefits. 1 Social Security Change in 2025 Every Worker ...
Millions of Medicare enrollees are likely to see relief in 2025 when a $2,000 cap on out-of-pocket prescription drug-spending goes into effect.