America’s seniors will pay more for their health care in the new year, as the Centers for Medicare and Medicaid Services (CMS) has announced that premiums for its Part B plan will increase by about 6% in 2025.
Part B covers visits to doctors, outpatient care, preventative services such as vaccines, medical equipment like wheelchairs as well as home health care. (Part A, which covers inpatient care in hospitals and other facilities, is premium-free for all but about 1% of beneficiaries due to taxes paid by most retirees while they worked.)
What is the Medicare Part B premium for 2025?
The standard monthly premium for Medicare Part B enrollees will climb by $10.30, or about 6%, to $185.00 from $174.70 in 2024, CMS said Friday.
Meanwhile, the annual deductible for all Medicare Part B beneficiaries will rise to $257 in 2025 from $240.
The reason for the 2025 premium and deductible …