Medicare Premium Hike: Ten Dollars and Thirty Cents of Your COLA Will Cover Increased Part B Costs
The upcoming year will see Medicare beneficiaries facing a modest increase in their Part B premiums, with the additional costs largely offset by a $10.30 Cost of Living Adjustment (COLA) for 2024. The Centers for Medicare & Medicaid Services (CMS) announced that the standard Part B premium will rise from $164.90 to $175.50 per month—a...