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Medicare Part B premiums to rise by 6 percent in 2024

The Centers for Medicare and Medicaid Services (CMS) announced that monthly Medicare Part A and B premiums would rise by 6% in 2024. Premiums will increase from $164.90 to $174.70, and the annual deductible for Medicare Part B beneficiaries will rise from $226 to $240. These increases follow the first reduction in premiums for more than ten years in 2023. The increase is principally due to projected rises in healthcare spending and the remedy for the 340B-acquired drug payment policy under the Hospital Outpatient Prospective Payment System.

Source: thehill.com –

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