Happy New Year!  As I do every new year, I wanted to post the key, new Medicare numbers that will be in effect for 2023.   These are the key changes to Medicare’s premiums and coverages. 

• Part A deductible – Will be $1600 up from $1556 (per 60 day Benefit Stay)
• Part B Deductible – Will be $226, down from $233 (Annual deductible)
• Part B Premium – Will be $164.90, down from $170.10
• Part D Maximum Deductible – Will be $505, up from $480 (Some plans don’t have a deductible and most have a “hybrid” deductible.)
• Part D Premium National Average – Will be $31.50, down from $33.37 (Is used to determine Part D Penalty)

As previously blogged, the Part B premium and deductible decreased this year

Feel free to contact me if you have any questions or need assistance with selecting a Medicare Plan.  I don’t charge any fees nor increase your cost.

Based in the Richmond, Va area, David Higgs of Choices In Medicare specializes in helping seniors transition to Medicare.  He can be reached at email:  dwhiggs@gmail.com or go to website:  www.ChoicesInMedicare.com