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The Ups and Downs of Medicare Costs in 2023

2023 is just around the corner…two days away, as a matter of fact…so now’s a good time to catch up on some of the cost provisions changing in Medicare for next year. For example, while the standard Part B premium will be dropping slightly, anyone not meeting the work history requirement for premium-free Part A will see an increase in the cost of hospital stays. Some Advantage plan premiums will also come down slightly, while Part D charges will face several changes (including Income-related adjustment amounts for Medicare Part D premiums for 2023). For details, check out this post by CNBC Personal Finance Reporter Sarah O’Brien.

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