Medicare premiums increasing in 2025

Medicare premiums increasing in 2025 
Fox 29 Philadelphia; by Megan Ziegler; 11/12/24
The Centers for Medicare and Medicaid Services (CMS) announced this month that standard monthly premiums for its Part B plan are increasing by about 6% in the new year. The jump outpaces both inflation and the cost-of-living adjustment (COLA) recently announced by Social Security. Inflation was up in September about 2.4% from a year ago, and the COLA increase is set for 2025 at 2.5%, which is estimated to be about $48. ... The standard monthly premium for Medicare Part B enrollees is increasing next year to $185, an increase of $10.30, or just less than 6%, from $174.70 in 2024, the CMS announced. The annual deductible for all Medicare Part B beneficiaries is also increasing by $17 to $257.