Medicare Premiums 2025 – 5 Major Drug Cost and Plan Coverage Changes
The Centers for Medicare and Medicaid Services (CMS) has announced that Medicare Part B premiums will increase by about 6% in 2025.
Here’s a breakdown of the 2025 Medicare premiums:
Medicare Part B: The standard monthly premium will be $185.00, an increase of $10.30 from $174.70 in 2024.
Medicare Part A: Most people don’t pay a premium for Part A because they or their spouse paid Medicare taxes while working. If you do have to pay a premium, it can vary depending on how long you or your spouse paid Medicare taxes. The Part A inpatient hospital deductible will be $1,676 in 2025, an increase of $44 from $1,632 in 2024.
Key factors contributing to the Part B premium increase:
- Projected price changes for medical services
- Increased utilization of healthcare services
Important Note: These are the standard premiums. Your actual costs may vary depending on your income and other factors.
For the most up-to-date information, please refer to the official CMS website or the “Medicare and You” handbook for 2025.
Standard Premium Increase:
- The standard monthly premium for Medicare Part B enrollees will be $185.00 for 2025. This is an increase of $10.30 from $174.70 in 2024.
Income-Related Monthly Adjustment Amount (IRMAA):
- IRMAA will still apply in 2025 for beneficiaries with higher incomes. This means those with incomes above certain thresholds will pay a higher Part B premium in addition to the standard premium.
- The exact income thresholds and corresponding IRMAA surcharges for 2025 haven’t been released yet by the Centers for Medicare and Medicaid Services (CMS). However, you can expect them to be similar to the 2024 structure, with adjustments for inflation.
Where to Find the Official Chart When Available:
- CMS Website: The official CMS website (cms.gov) will publish the complete 2025 Medicare Part B premium increase chart, including the IRMAA brackets and surcharges, closer to the end of 2024.
- Medicare.gov: You can also find this information on the Medicare.gov website in the “Medicare Costs” section.
