The social security administration announced an 8.7% increase to Social Security benefits for 2023. Each year the Medicare Part B premium, deductible, and coinsurance rates are determined according to the Social Security Act.
The standard monthly premium for Medicare Part B will be $164.90 for 2023, a decrease of $5.20 from $170.10 in 2022. 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.
Medicare Part D open enrollment will soon be coming to an end. December 7th is the last day to make changes to your Medicare Part D prescription drug plan for 2023. If you are still needing your plan looked at please call the Osborne Post Rock Extension District office to make an appointment.
By: Brenda Langdon
