The Centers for Medicare & Medicaid Services (CMS) released the 2024 Medicare premiums, deductibles, and coinsurance amounts for the different parts of Medicare on Friday.
The 2024 Medicare Part B premium will be $174.70, a $9.80 increase from the 2023 Part B premium. Your Part B deductible will also increase from $226 in 2023 to $240 in 2024. CMS stated in their announcement: “The increase in the 2024 Part B standard premium and deductible is mainly due to projected increases in health care spending.”
Also, the Medicare Part A deductible has increased by $32 from $1,600 in 2023 to $1,632 in 2024.
For those Medicare beneficiaries affected by the income-related monthly adjustment amounts (IRMAA), the additional premium amount for Medicare Part B and D have increased.
Drug Pricing: F, G & J Deductible Announcements | CMS
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