Medicare Part B premium increases are generally released in the fall, however, We have seen some early projections for 2023. Medicare's standard Part B premium is currently $170.10, but it is expected to increase. Although these are only early projections and the actual numbers will be released later this year, Medicare beneficiaries should be aware of the actual numbers as Annual Election Period (AEP) comes closer to "opening day".
The impact of Medicare's 2023 budget on Medicare beneficiaries is still unknown. Thus, it is important to review your coverage every year with an advisor to receive updated and accurate information. AEP is right around the corner, so keep an eye out for emails from us and once we have the official Part B premium you will be the first to know.