Medicare Premiums Are Increasing for Millions in 2025 [Video]

Medicare premiums will rise in the New Year, the Centers for Medicare & Medicaid Services (CMS) has announced.

Medicare is a federal health insurance program overseen by the Social Security Administration (SSA). It covers people 65 and older and some under 65 who have certain disabilities or conditions.

Medicare Part B covers doctor visits, outpatient care, preventive services such as vaccines, equipment like wheelchairs, and home health care. Part A covers inpatient hospital and facility care and does not have premiums for most beneficiaries.

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As of January 2025, Medicare Part B premiums will rise by around 6 percent.

In 2025, the standard monthly premium for Medicare Part B enrollees will be $185, a $10.30 increase from the 2024 rate of $174.70. This is deducted from Social Security checks every month. For those who don’t receive Social Security, payments must be made directlythrough their Medicare account, with their bank, or by mail, …