News EngineNews Engine
  • Business
    • News
    • Finance
    • Automobile
  • Technology
    • Gaming
    • Tips & Tricks
  • Digital Marketing
    • Social Media
    • Digital Currency
  • Education
  • Fashion
    • Lifestyle
  • Health And Fitness
    • Food
    • Travel
  • Entertainment
    • Sports
    • Movies
    • Music
  • General
    • Real Estate
    • Home Improvement
    • Featured
    • Hotel And Resort
    • Pet And Wildlife

Subscribe to Updates

Get the Latest Creative News from News Engine about Business, Technology and World Trends.

Don't Miss

Unleashing the Laughs: Hilarious Moments at Comedy Competitions

September 15, 2023

How We Became an Indoor Air Quality Company

September 15, 2023

Elevate Your Living Space with Home Remodeling Danville

September 15, 2023

EMERGENCY PLUMBER: QUICK SOLUTIONS FOR PLUMBING ISSUES

September 15, 2023

Affordable and Efficient: Commercial Roofing Services in Archdale, NC

September 15, 2023
Load More
Facebook X (Twitter) Instagram Pinterest LinkedIn RSS
  • About Us
  • Contact Us
  • Write For Us
  • Guest Post
  • Privacy Policy
  • Terms And Conditions
Facebook X (Twitter) LinkedIn Instagram Pinterest RSS
News EngineNews Engine
Write For Us
  • Business
    1. News
    2. Finance
    3. Automobile
    Featured
    Business

    Solving the Inventory Puzzle: Inventory Management Tips for Garage Owners

    By News EngineJuly 25, 20236 Mins Read
    Recent

    Solving the Inventory Puzzle: Inventory Management Tips for Garage Owners

    July 25, 2023

    From Fragrance To Flame: The Intricate Process Of Making Incense Sticks

    July 25, 2023

    Custom Boxes With Logo: How To Choose The Right Materials And Finishes

    July 21, 2023
  • Technology
    1. Gaming
    2. Tips & Tricks
    Featured
    Technology

    Advanced SEO Can Revitalize Your Lead Generation Strategy

    By Amelia BreeAugust 31, 20234 Mins Read
    Recent

    Advanced SEO Can Revitalize Your Lead Generation Strategy

    August 31, 2023

    Instagram Story Viewer: Everything you need to know

    June 7, 2023

    What is the Difference Between React And React Native?

    November 18, 2022
  • Digital Marketing
    1. Social Media
    2. Digital Currency
    Featured
    Digital Marketing

    How to Price PPC Services: Step-by-Step Guide

    By News EngineNovember 18, 20226 Mins Read
    Recent

    How to Price PPC Services: Step-by-Step Guide

    November 18, 2022

    eCommerce PPC: A Beginner’s Guide To Start

    November 8, 2022

    How Digital Marketing Helps Businesses to Grow?

    October 24, 2022
  • Education
    Featured
    Education

    If You’re Thinking About Studying MBBS in Uzbekistan, Read This First

    By News EngineJuly 13, 20239 Mins Read
    Recent

    If You’re Thinking About Studying MBBS in Uzbekistan, Read This First

    July 13, 2023

    Why do we Call Math as the Cornerstone to a Good Education?

    June 6, 2023

    Quizz zz: The Fun and Interactive Way to Learn and Test Your Knowledge!

    March 9, 2023
  • Fashion
    1. Lifestyle
    Featured
    Fashion

    Check Out Our Guide To The Latest Designs of Gold Mangalsutra With Prices

    By News EngineSeptember 12, 20234 Mins Read
    Recent

    Check Out Our Guide To The Latest Designs of Gold Mangalsutra With Prices

    September 12, 2023

    How Do You Edit a Picture of Jewelry?

    October 21, 2022

    Summer Fashion: All You Need to Know About Leopard Prints for Summer 2022

    September 26, 2022
  • Health And Fitness
    1. Food
    2. Travel
    Featured
    Health And Fitness

    Say Goodbye to All the Gynecology Conditions

    By News EngineAugust 22, 20223 Mins Read
    Recent

    Say Goodbye to All the Gynecology Conditions

    August 22, 2022

    Everything You Need to Know About Vitamin K2

    August 22, 2022

    Reasons Why Tiger Balm is the Best Pain Relief Balm in the Market

    August 4, 2022
  • Entertainment
    1. Sports
    2. Movies
    3. Music
    Featured
    Entertainment

    How to Get Tickets For Your Favorite Team: Things You Need to Know

    By News EngineAugust 10, 20223 Mins Read
    Recent

    How to Get Tickets For Your Favorite Team: Things You Need to Know

    August 10, 2022

    IFVOD TV: Complete Details With Features, Reviews & Uses

    August 2, 2022

    College Dorm Party: Everything You Need To Know in Detail

    July 17, 2022
  • General
    1. Real Estate
    2. Home Improvement
    3. Featured
    4. Hotel And Resort
    5. Pet And Wildlife
    Featured
    General

    Petrolheadonism Live 2023: Elevating “Supercar Service” to New Heights

    By Austin DavidJuly 24, 20233 Mins Read
    Recent

    Petrolheadonism Live 2023: Elevating “Supercar Service” to New Heights

    July 24, 2023

    Tips to Find Out the Best CV Creator

    April 5, 2023

    Eureka Typhon Chair: Is it The Right Fit For You as a Gamer?

    December 7, 2022
News EngineNews Engine
Home»News»Seniors to See Medicare Part B Premiums Drop in 2023
News

Seniors to See Medicare Part B Premiums Drop in 2023

By News EngineOctober 19, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit WhatsApp
Medicare Part B
Share
Facebook Twitter LinkedIn Pinterest Tumblr Reddit

As recently announced by the Centers for Medicare & Medicaid Services, for the first time in over a decade, Medicare beneficiaries will see their Part B premiums drop in 2023 when the tab is lower than it was in the previous year.

In 2023, the standard monthly premiums will drop to $164.90, a reduction of $5.20 from 2022. This comes after a significant increase in premiums in 2022. Medicare beneficiaries had to deal with a 14.5% rise in Part B premiums in 2022. This raised the monthly payments of those in the lowest income bracket to $170.10 from $148.50 in 2021.

President Joe Biden spoke about the decline in premiums during a Rose Garden afternoon event on Tuesday. He used the announcement to promote Democrats as the party that will defend Social Security and Medicare. This message, targeted at the key demographic of older voters, comes six weeks before the midterm elections.

Biden criticized the plan laid out by Kevin McCarthy and Republicans last week, calling it a “thin set policy rules with little or no detail,” He also attacked Republican senators. Ron Johnson from Wisconsin and Rick Scott from Florida have plans suggesting that Social Security and Medicare should not be mandatory programs but should be discretionary spending.

Biden asked the garden audience, “What do they think they’re going to do when the House Budget Committee starts talking about the cost of Medicare and Social Security? And why we can’t afford them?”

After a Large Premium Increase, Relief

The key driver for the 2022 increase was a projected rise in spending due to Aduhelm, a new expensive drug for Alzheimer’s disease. Aduhelm’s price has been reduced, and CMS has had limited coverage for the drug since then. According to the agency, the premium for 2023 will be based on less-than-expected spending.

Additionally, spending on Part B services and items was lower than expected. This resulted in larger Part B trust funds, which allowed the agency to limit future premium rises. Medicare Part B beneficiaries’ annual deductible will be $226 next fiscal year. This is a $7 decrease from 2022.

Medicare Part B includes physician services, outpatient hospital services, and durable medical equipment. It also covers certain medical and health services not covered under Medicare Part A.

Medicare Part B

Medicare beneficiaries will get one of the benefits from the Inflation Reduction Act (which Congress passed in August) next year. Cost-sharing for covered insulin will be $35 per month starting July 1. People with Medicare who use insulin via a pump will not have to pay a deductible. People with pumps that are part of the durable medical equipment benefit (Part B) will be eligible for this benefit.

Seniors are expecting a higher-than-usual increase in their Medicare Part B premiums. High inflation is fueling the annual cost-of-living adjustment announced next month.

Seniors received a 5.9% rise in their pensions for 2022. However, it was quickly overwhelmed by the soaring prices. According to the Senior Citizens League, the increase in 2023 could be 8.7%. This would mean that the average retiree’s Medicare benefits would go up by $144.10 to $1.656.

Medicare Medicare Part A Medicare Part B Medicare Services
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit
Previous ArticleHow Drones, FSM Apps & Other Tech Help with Hurricane Ian Disaster Recovery Efforts?
Next Article How to Build An iOS App for Your Startup in 2023?

Related Posts

PCC Updates: Must for Saudi Arabia Jobs & Police Can Issue

News

What Separates The Jay Wolfe Crime?

News

Juneteenth: Federal Holiday, History & Importance Explained

News

Leave A Reply Cancel Reply

Advertise With Us

advertise here

Featured Posts

Unleashing the Laughs: Hilarious Moments at Comedy Competitions

September 15, 2023

How We Became an Indoor Air Quality Company

September 15, 2023

Elevate Your Living Space with Home Remodeling Danville

September 15, 2023

EMERGENCY PLUMBER: QUICK SOLUTIONS FOR PLUMBING ISSUES

September 15, 2023

Affordable and Efficient: Commercial Roofing Services in Archdale, NC

September 15, 2023
Follow Us
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • LinkedIn
On Trending
Uncategorized

Unleashing the Laughs: Hilarious Moments at Comedy Competitions

By Amelia BreeSeptember 15, 20235 Mins Read

Introduction In 2023, the world of entertainment will revolve around comedy competitions. These events will…

How We Became an Indoor Air Quality Company

September 15, 2023

Elevate Your Living Space with Home Remodeling Danville

September 15, 2023

EMERGENCY PLUMBER: QUICK SOLUTIONS FOR PLUMBING ISSUES

September 15, 2023

Affordable and Efficient: Commercial Roofing Services in Archdale, NC

September 15, 2023

Subscribe to Updates

Get the Latest Creative News from News Engine about Business, Technology and World Trends.

About Us:
About Us:

Our information services are about updates and include everything from all thoughts about daily life to beginning global findings. We are accepting new partners right now.

Email Us: newsenginenet@gmail.com

Facebook X (Twitter) Instagram Pinterest LinkedIn
Subscribe to Updates

Get the Latest Creative News from News Engine about Business, Technology and Latest Trends Around The World.

Important Links
  • Homepage
  • About Us
  • Contact Us
  • Write For Us
  • Privacy Policy
  • Terms And Conditions
  • Guest Post
Copyright © 2021-23. Designed by News Engine.
  • About Us
  • Contact Us
  • Write For Us
  • Guest Post
  • Privacy Policy
  • Terms And Conditions

Type above and press Enter to search. Press Esc to cancel.

Go to mobile version