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Medicare announces premium for 2013

Medicare Announces Costs, Part B Premium for 2024

The Centers for Medicare and Medicaid announced the Medicare costs for 2022. 

The standard monthly premium for Part B, medical insurance, will be $174.70, an increase of $9.80. Higher-income beneficiaries pay an additional adjustment, based on income. (Learn more in the 65 Incorporated Library at

For those on Original Medicare, here are some costs for 2024:

  • Inpatient hospital stay, days 1-60—a deductible of $1,632 per benefit period and the coinsurance for days 61-90 is $404 per benefit period.
  • Skilled nursing facility stay, days 21-100—a copayment of $204 per day. 
  • The Part B deductible is $240.

Medicare Advantage plans establish the copayments and coinsurance for hospitalization and skilled nursing facility stays. Those with Advantage plans must pay the standard Part B premium. 

Last updated: 02-27-2024