Medicare Announces Costs, Part B Premium for 2023
The Centers for Medicare and Medicaid announced the Medicare costs for 2022.
The standard monthly premium for Part B, medical insurance, will be $164.90, a decease of $5.20, the first drop in premium since 2012. Higher-income beneficiaries pay an additional adjustment, based on income. (Learn more in the 65 Incorporated Library at www.65incorporated.com/topics/paying-more-medicare.)
For those on Original Medicare, here are some costs for 2023:
- Inpatient hospital stay, days 1-60—a deductible of $1,600 per benefit period, an increase of $446. The coinsurance for days 61-90 is $400 per benefit period, up from $389 in 2022.
- Skilled nursing facility stay, days 21-100—a copayment of $200 per day, a $5.50 increase. There is no copayment for the first 20 days.
- The Part B deductible will drop to $226 from $233.
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.
Source: Medicare.govLast updated: 11-08-2022