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What to know about managing Medicare Part B premiums

In October, the Social Security Administration announced the 2024 cost-of-living adjustment (COLA) of 3.2 percent, with the average Social Security benefit going up $50. Later, the Centers for Medicare & Medicaid Services (CMS) released the 2024 monthly Part B premium for 2024 as $174.70. However, this is the standard premium amount for the majority of people; Social Security recipients with higher incomes will be paying more. Lorie Konish explains how retirees will pay more for Medicare Part B premiums and what to know about managing those costs. Read Ms. Konish’s article here…

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