Medicare Premiums and Deductible for 2023

Medicare Deductible and Premium 2023


The Medicare Part A deductible for inpatient hospital services will increase by $44 in the calendar year 2023, to $1,600, the Centers for Medicare & Medicaid Services announced in September. The Part A daily coinsurance amounts will be $400 for days 61-90 of hospitalization in a benefit period; $800 for lifetime reserve days; and $200 for days 21-100 of extended care services in a skilled nursing facility in a benefit period. The monthly Part A premium, paid by beneficiaries who have fewer than 40 quarters of Medicare-covered employment and certain people with disabilities, will increase by $7 in CY 2023 to $506, CMS announced. Certain voluntary enrollees eligible for a 45% reduction in the monthly premium will pay $278 in CY 2023.

The annual deductible for Medicare Part B will decrease by $7 in 2023 to $226, while the standard monthly premium for Medicare Part B will decrease by $5.20 to $164.90, CMS announced.

Medicare Open Enrollment for 2023 began on October 15, 2022, and will end on December 7, 2022.

Source: American Hospital Association