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The standard monthly premium for Medicare Part B enrollees will be $174.70 for 2024, an increase of $9.80 from $164.90 in 2023. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024, an increase of $14 from the annual deductible of $226 in 2023.
Part B costs: What you pay in 2024: Premium: $174.70 each month ($185 in 2025) (or higher depending on your income). The amount can change each year. You’ll pay the premium each month, even if you don’t get any Part B-covered services. Who pays a higher Part B premium because of income?
The chart below shows the Part B Income Related Monthly Adjustment Amounts (IRMAA). IRMAA is an extra charge added to your premium. The total Part B premiums for 2024 are shown below.
Patients using covered Part A and Part B services may be subject to deductible and coinsurance requirements. Medicare subtracts an inpatient hospital deductible amount from the amount payable to the hospital for inpatient hospital services it provides in a spell of illness.
In January 2024, most U.S. residents enrolled in Original Medicare (Part A and Part B) or a Medicare Advantage plan will pay a standard Part B monthly premium of $174.70 and face a Part B annual...
Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. The standard monthly premium for Medicare Part B enrollees will be $174.70 for 2024, an increase of $9.80 from $164.90 in 2023.
In 2024, the Medicare Part A deductible is $1,632 per benefit period, and the Medicare Part B deductible is $240 per year. Medicare Advantage deductibles, Part D drug plan deductibles and Medicare Supplement deductibles can vary.