Changes are coming to Medicare in 2025! The Centers for Medicare & Medicaid Services (CMS) has released the updated premiums, deductibles, and income-related adjustments for Parts A, B, and D. Here’s a quick breakdown of what’s new:
Medicare Part B Premiums and Deductibles:
– The standard monthly premium will rise to $185, an increase of $10.30 from 2024.
– The annual deductible will increase to $257, up by $17.
Medicare Part A Updates:
– The inpatient hospital deductible will increase to $1,676, a $44 rise from 2024.
– Daily coinsurance rates for extended hospital and skilled nursing care are also increasing.
Income-Related Adjustments:
– Beneficiaries with higher incomes will see changes to their premium brackets for both Parts B and D.
These updates highlight the importance of reviewing your healthcare coverage and preparing for potential cost adjustments. Whether you’re a current beneficiary or planning ahead, staying informed ensures you’re ready for what’s ahead.
Stay ahead of Medicare changes with WestCompass Insurance Solutions. We’re here to help you navigate healthcare with confidence!
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For more information about Medicare visit: https://westcompassinsurance.com/medicare-basics/