Abcd of medicare4/11/2024 ![]() Medicare Open Enrollment for 2023 will begin on Octoand ends on December 7, 2022. Medicare Open Enrollment and Medicare Savings Programs For 2023, the immunosuppressive drug premium is $97.10. ![]() The decrease in the 2023 Part B premium aligns with the CMS recommendation in a May 2022 report that excess SMI reserves be passed along to people with Medicare Part B coverage.īeginning in 2023, certain Medicare enrollees who are 36 months post kidney transplant, and therefore are no longer eligible for full Medicare coverage, can elect to continue Part B coverage of immunosuppressive drugs by paying a premium. Lower-than-projected spending on both Aduhelm and other Part B items and services resulted in much larger reserves in the Part B account of the Supplementary Medical Insurance (SMI) Trust Fund, which can be used to limit future Part B premium increases. The 2022 premium included a contingency margin to cover projected Part B spending for a new drug, Aduhelm. The annual deductible for all Medicare Part B beneficiaries is $226 in 2023, a decrease of $7 from the annual deductible of $233 in 2022. The standard monthly premium for Medicare Part B enrollees will be $164., a decrease of $5.20 from $170.10 in 2022. Medicare Part B covers physician services, outpatient hospital services, certain home health services, durable medical equipment, and certain other medical and health services not covered by Medicare Part A.Įach year the Medicare Part B premium, deductible, and coinsurance rates are determined according to the Social Security Act. On September 27, 2022, the Centers for Medicare & Medicaid Services (CMS) released the 2023 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2023 Medicare Part D income-related monthly adjustment amounts.
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