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[ Mon, Feb 17th ] - Forbes
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[ Sun, Feb 16th ] - Reuters
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[ Fri, Feb 14th ] - Forbes
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Medicare Is Raising Its Part B Premium And Deductible For 2024


//business-finance.news-articles.net/content/202 .. -its-part-b-premium-and-deductible-for-2024.html
Published in Business and Finance on by Forbes   Print publication without navigation

Expect to see Medicare grow slightly more expensive following last year's unusual price drop. 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.

The article from Forbes Advisor discusses the changes in Medicare Part B premiums and deductibles for 2024. For the year 2024, the standard monthly premium for Medicare Part B, which covers outpatient care like doctor visits and preventive services, has increased to $174.70, up from $164.90 in 2023. This adjustment reflects the rising costs of healthcare services. Additionally, the annual deductible for Part B has risen to $240, an increase from $226 the previous year. The article also explains that higher-income beneficiaries might pay more due to the Income-Related Monthly Adjustment Amount (IRMAA), with premiums potentially reaching up to $594 per month for individuals with the highest incomes. It provides insights into how these costs are calculated, the impact of inflation, and offers advice on planning for these expenses, including considerations for supplemental insurance to cover out-of-pocket costs.

Read the Full Forbes Article at:
[ https://www.forbes.com/advisor/health-insurance/medicare/medicare-part-b-premiums-deductibles-2024/ ]

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