While it’s not often we get to talk about rate decreases, Medicare beneficiaries will see a decrease in their Part B premium for 2023. Beneficiaries may remember the 2022 premium increase of 14.5% increase last year, primarily due to expected spending trends due to COVID-19 & a newly released Alzheimer’s medication, Aduhelm.
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Expected costs were lower and the 2023 Part B base premium will decrease from $170.10 to $164.90. In addition, the Part B outpatient deductible will decrease by $7, from $233 in 2022, to $226 in 2023.
For further details on the 2023 pricing for Income-Related Adjustments & other Part A out of pocket, please see 2023 Medicare Parts A & B Premiums and Deductibles.