2023 Medicare Parts A & B Premiums and Deductibles 2023 Medicare Part D Income-Related Monthly Adjustment Amounts

CMS recently announced the 2023 Medicare costs, including premiums, deductibles, and coinsurance amounts. The standard monthly Part B premium will decrease three percent or $5.20 – the first time in a decade the cost was lowered. CMS attributes the decrease in the Part B premium to lower spending on the Alzheimer drug, Aduhelm, and other Part B items and services.