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The High Cost of Healthcare!!! - Kiplinger
We all know that healthcare costs rise over time, especially as we age. So the news that higher Medicare premiums, deductibles, and surcharges are expected to go up over the next decade is hardly new news. But what may be astounding is the amount of increases projected, as noted in the 2025 Medicare Trustees Report to Congress. According to this Kiplinger article by Donna Levalley, your projected Medicare Part B premium is likely to be $347.50 in the year 2034, with a similar increase of the Part B deductible to $486. These are pretty shocking forecasts, especially for those who rely heavily on Social Security for their retirement income. This article provides projections for the next 10 years, including not only the expected Medicare Part B premium increases, but also for the Income-Related Monthly Adjustment Amount (IRMAA) which often affects those with higher taxable income. Click here to read more.