Medicare Part B Costs Are Shrinking. Here's What You'll Pay In 2023
Millions of older Americans rely on Medicare for health coverage. And that coverage can be more expensive than anticipated.
While Medicare Part A, which covers hospital care, is free for most enrollees, Part B, which covers outpatient services, comes at a cost. Specifically, enrollees pay a monthly premium for Part B -- either a standard premium or a standard premium plus a surcharge, depending on income.
Most years, the cost of Medicare Part B increases, leaving enrollees with higher premiums to bear. But for the first time in years, Medicare Part B premiums are actually decreasing. That means enrollees could get a nice break once the new year rolls around.
Source Fool.com
