Millions of Americans will save on Medicare fees next year
For the first time in a decade, Americans will pay less next year on monthly premiums for Medicare’s Part B plan, which covers routine doctors’ visits and other outpatient care
By AMANDA SEITZ
Published - Sep 27, 2022, 02:32 PM ET
Last Updated - Jun 24, 2023, 06:38 AM EDT
Washington (AP) — For the first time in a decade, Americans will pay less next year on monthly premiums for Medicare’s Part B plan, which covers routine doctors’ visits and other outpatient care.
The rare 3% decrease in monthly premiums -- a savings of $5.20 for most -- comes after millions of Medicare beneficiaries endured a tough year of high inflation and a dramatic increase to premiums this year. Most people on Medicare will pay $164.90 monthly for Part B coverage starting next year.
“(To) millions of seniors and people with disabilities on Medicare, that means more money in their pockets while still getting the care they need,” President Joe Biden said Tuesday in a speech from the White House Rose Garden.
