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Medicare Part B premiums will rise in 2025, the Centers for Medicare and Medicaid Services announced.
The standard monthly premium for Part B services will increase by $10.30 in 2025 to a new total of $185. That’s an increase of about 5.9%, similar to the premium hike Medicare beneficiaries saw this year.
The annual deductible for Part B will be $257 next year, an increase of $17 from 2024. That’s a jump of about 7%.
Medicare Part B is a key component of the federal health care program. It covers numerous items, including doctor visits and outpatient services like lab tests and diagnostic screening.
Some Medicare Part A costs will also rise next year. Part A covers inpatient hospital care, skilled nursing facilities, hospice and more.
The Part A hospital deductible, which beneficiaries pay if admitted to a hospital, will be $1,676 in 2025, an increase of $44 from 2024. Some coinsurance costs will increase as well, CMS said.
Nearly all Medicare beneficiaries don’t pay a premium for Part A services since they have at least 40 quarters of Medicare-covered employment, according to CMS.
You can get full details on Medicare cost increases for 2025 on the CMS website.
The news on Medicare cost increases comes after the Social Security Administration announced an increase in benefits for next year of 2.5%.
That’s a smaller percentage hike than any of the Part B cost increases.