The Centers for Medicare & Medicaid Services (CMS) released the 2024 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs:
The standard 2024 Medicare Part B premium will be increasing $9.80 per month, from $164.90 in 2023 to $174.70 in 2024. The 2024 annual Part B deductible will be seeing an increase as well, up $14 from $226.00 in 2023 to $240.00 in 2024.
Medicare Part A Premiums/Deductibles
Enrollees age 65 and over who have fewer than 40 quarters of coverage and certain persons with disabilities pay a monthly premium in order to voluntarily enroll in Medicare Part A. Individuals who had at least 30 quarters of coverage or who were married to someone with at least 30 quarters of coverage will pay $278 per month in 2023, a $4 increase. Individuals who have less than 30 quarters of coverage will pay the full premium, which will be $505 per month in 2024, a $1 decrease from 2023.
The daily inpatient deductible for 2024 is $1,632 an increase of $32 from $1600 in 2023.
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