On November 8, the Centers for Medicare and Medicaid Services announced the Medicare premiums and costs for 2025. Let’s take a quick look at what you need to know.

The Centers for Medicare & Medicaid Services announced last week that the Medicare Part B premiums will rise (as will the annual deductible) next year. Premium, deductible, and coinsurance rates for Medicare Part B are determined annually. Medicare is ...

Get ready for a hefty hike in your Medicare Part B premiums. Learn how the 2025 increase will affect your budget and what steps you can take to minimize the impact.

Currently, Medicare Part A enrollees pay a $1,632 inpatient hospital deductible. In 2025, that deductible is rising to $1,676. Meanwhile, that Part A deductible only covers the first 60 days of a hospital stay. From there, a daily coinsurance rate starts to apply.

Medicare participants with an income above the threshold must pay a surcharge for Medicare Part B and Part D based on their income.

Many Americans need to change their Part D plans because of rising premiums or because their plan is no longer in Medicare’s network.

The looming increase in Medicare premiums for 2025 has sparked concerns among retirees and those approaching retirement age.

Medicare premium rates for 2025 come just a month after the Social Security Administration announced the cost-of-living adjustments for next year.