Posted 10/14/2023, 11:18:00 AM
Medicare Costs Rising in 2024: Premiums, Deductibles, and Coinsurance Rates Going Up
- Medicare Part B premiums are increasing by $9.80 per month in 2024.
- The Medicare Part B deductible is increasing by $14 to $240 in 2024.
- The cost of inpatient hospital care under Medicare Part A is increasing in 2024. The deductible, daily coinsurance, and lifetime reserve day rates are all going up.
- Skilled nursing facility daily coinsurance under Medicare Part A is increasing from $200 to $204 per day in 2024.
- Medicare enrollees can switch to less expensive Part D or Advantage plans during open enrollment to help offset rising costs.
