FYI - Medicare Part B Premium Increased to $185 for 2025

[walkingman]

The standard monthly premium for Medicare Part B will be $185 in 2025 an increase of $10.30 from $174.70 in 2024. The annual deductible for all Medicare Part B beneficiaries will be $257 in 2025, an increase of $17 from the annual deductible of $240 in 2024.

Medicare Part B covers physicians’ services, outpatient hospital services, certain home health services, durable medical equipment, and certain other medical and health services not covered by Medicare Part A.

The Centers for Medicare and Medicaid (CMS) stated in its November 8 announcement that the increase in the 2025 Part B standard premium and deductible is mainly due to projected price changes and assumed utilization increases.

Since 2007, a beneficiary’s Part B monthly premium has been based on his or her income. These income-related monthly adjustment amounts affect roughly 8% of people with Medicare Part B. Click here to access the table that shows the 2025 Part B total premiums for high-income beneficiaries with full Part B coverage.

[intrepidity]

1. So just enough to eat the paltry SS "cost-of-living lol" raise?

Forget about the actual cost of eating.

[jimfields33]

3. Do you have to pay both? That's 400 dollars if yes.

I’m grateful I don’t go on it for ten years. But that seems like a lot.

[walkingman]

12. Not sure what you mean?

The cost is increasing from $174.** to $185 per month. It happens every year. We get a COL increase and Medicare increase every year....at least I don't remember it staying the same.

On top of that most people (if you have other sources of income other than SS - pension, interest, capital gains) are taxed on up to 85% of SS - at least I am, and we are not high income.

[jimfields33]

13. What about the 284?

[walkingman]

14. Not following you? 284?

[jimfields33]

15. Im sorry 257. It seems like two different numbers.

The standard monthly premium for Medicare Part B will be $185 in 2025 an increase of $10.30 from $174.70 in 2024. The annual deductible for all Medicare Part B beneficiaries will be $257 in 2025, an increase of $17 from the annual deductible of $240 in 2024.

[walkingman]

17. OK - the deductible - the amount you pay before Medicare kicks in. There

has always been a deductible. In reality, many people never even pay off their deductible until they get older or of course have a chronic disease - which will happen at some point in your life.

The reality is, as harsh as it sounds, you cannot live very well on SS alone. It was never meant to be your sole source of income. We need more unions that provide defined benefit plans, better wages that allow for lifetime savings, and maybe even a government sponsored 401K type of plan so that everyone has access to savings match, not just corporate employees.

[Ms. Toad]

24. There is a monthly payment ($185), and an annual deductible ($257).

Everyone pays the $185/month. If you use Medicare, the first $257 (in 2025) comes out of your pocket.

I have a supplemental plan that is about $100/month. So my monthly premium is about $285. After that I pay $257, and that is all I pay for the year (total $3,677 for the year.

This is considerably less than I paid when I had health insurance through my employer. My monthly premium was somewhere around $200. I had a deductible around $1000, and copays until I hit around $3,000 out of pocket. I always had enough expenses to hit the deductible, so a minimum of $3400, and in recent years I've hit around half of the max out of pocket. So about $4900/year.

[jimfields33]

25. Ah. Thank you! You explained it perfectly.

[doc03]

4. That and the tax I have to pay on 85% of

my SS income pretty much takes that 2.5% raise.

[Traildogbob]

8. Always the same record.

Our cost of living standards are no where close to the leaders, I mean thieves we elect.
Cost a lot for their life style.
But with this shit a two percent increase in rice and beans, matters.
Wait until Musk et al steal the trust fund.
2.5 percent cola raise will be applied to zero.
Which equals zero.
And he will jump in joy with that doughy belly jiggling. And MAGA will laugh and applaud, most of em losing their own.
But worth the Dem tears.

[walkingman]

19. You nailed it - they (the GOP) really don't care. But the voters that just elected

these backwards assholes (that is what they are) will realize that they just voted against their own interests. Sadly, many of them already on the government tit and they don't appreciate these socialists programs.

[StarryNite]

5. Part D went way up if you're on Aetna.

We switched to a different one.

[moonscape]

9. Isn't this geographically determined? Every

year I get a great plan, and every year I have to switch because the plan that lured me was just that, a lure. Reality is they count on that because most people don’t research/switch during open enrollment.

This year almost every plan has a whopping $590 deductible. Am guessing this is due to the new max out-of-pocket changes.

[StarryNite]

20. Yes, apparently the costs vary by region.

I almost missed the increase which for us it would have gone from $9.99 per month to $44.99 per month each! That's a hefty increase. We switched to a different plan that has the same deductible with 0 monthly premium. It's my hunch that Aetna is trying to get people to switch to their Medicare Advantage plan. We're not doing it. We're staying with the actual Medicare.

[moonscape]

21. Cheapest plan in my county

is $18/mo w/ $590 deductible. We’ve never had a 0 premium one!

Yeah, I’m not budging from Original Medicare either.

[StarryNite]

22. That sucks.

I wonder how they determine what the premium should be? Maybe by the total cost of drugs for that area? If it goes by county I'm in Maricopa which is one of the largest counties in the US.

[LizBeth]

6. My personal insurance went from 90 to 150 with higher deductible. Crappy work insurance

with a 2000 deductible that has to be met before they pay an office visit at 75% and I work for that insurance company.

[haele]

10. Employer's Insurance.

It's pretty decent coverage, even though the formulary kind of sucks
It went up $250 per annum for my spouse, $100 per annum for each of the girls, and $400 for me.
I had to sign up for Medicare this year, and all the pharmaceutical "cost offsets" for the expensive medication just disappeared. Because why?
Because I had to sign up for Medicare parts A and B, whether I was going to pay for them or not.

US Health insurance ha become a scam. And Medicare falling under privatization will make it worse.

Haele

[Ysabel]

7. crap...

so things will be worse for me in a few more years...

[consider_this]

11. so 5.9% increase, although SS COLA is 2.5% increase...

Last edited Mon Nov 11, 2024, 01:32 PM - Edit history (1)

and the Part D's (for Rx) premiums are way up. This is kinda akin to a SS cut, is it not?

[walkingman]

18. Agree - the simple answer is elect more Democrats that understand

that the government is there for only one purpose - to serve the people. I will guarantee you that the GOP would never approve of anything except for a for-profit solution.

[walkingman]

16. Medicare is truly a wonderful program. As someone that retired early (53)

prior to Obamacare (ACA) and shortly after retiring my employer cut company healthcare plan for all mgmt employees pre-65, insurance was very expensive. My wife and I were paying over 20K per year of unexpected expenses until a year before we became Medicare eligible (65). Obamacare is wonderful and Medicare is for seniors...but single-payer insurance would be better because the cost would be split among the entire population. An example being NHS in England.

Dems have been pushing for it for years but the insurance company lobbyists convinced the American voters that it would not be good - bullshit. We will eventually go in that direction because we simply will not have any choice.

These Republicans are not for anything that does not make a profit and obviously the voters agree?

They (GOP) will continue to push for privatizing SS as well which would be a disaster - it sounds good until it isn't and I would never want my retirement income dependent on corporate America. ☮

[ananda]

23. Oh, I thought it was going down.

sheesh

[Tadpole Raisin]

26. If anyone is considering moving to a blue state for whatever reason and

are trying to figure out options, consider a state that has Medicare savings program (income restricted) that doesn’t count assets, e.g., MA. Requirements change every year so don’t bet the bank on it staying that way.



The good: Medicare savings programs for paying deductibles and copays, especially if there is no asset test. Other programs of course - snap, heating assistance. Overall better protections for citizens.

https://www.medicare.gov/basics/costs/help/medicare-savings-programs
There is a button to contact (choose) your state.

https://www.snapscreener.com/


The bad: cost for renting. Like most states if you needed assistance for housing you will be waiting years, many years.

Note if you move to a blue state with guaranteed issue, both private Medicare advantage and Medicare supplements will cost more, precisely because you can switch back and forth and because they tend to be community issue, meaning you pay the same at 65 or 85.

Of course moving is an undertaking and expensive so take this for what it’s worth if it fits in with your plans.