Seniors will pay more for Medicare in 2025. Here’s what to know. [Video]

Social Security sets its 2025 cost-of-living increase at 2.5% 03:18

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.)