Is Medicare Part B Price Really Dropping?
Question: I heard the Medicare Part B rate is going down, is this true? Answer; I am so pleased you asked this question. The quick answer to this question is YES that is correct. Centers for Medicare & Medicaid Services (CMS) has just announced the 2023 rates. This is the earliest they have ever announced them. The Medicare Part B Premium for 2022 is $170.10 and in 2023 the Medicare Part B Premium is going down to $164.90. The Medicare Part B premium going down does not happen often. It has happened only three times, previous to this year, 1990, 1996 and 2012. The COLA increase to ...