In a historic move, Medicare costs have declined for the first time in years. Seniors on Medicare will enjoy a reduction in the cost of Medicare Part B by a few dollars.
The reason for the savings is that a drug called Aduhelm, which treats Alzheimer’s, was less expensive than was projected for 2022. Medicare saved more money than expected and is returning some of the savings to enrollees by discounting Part B.
Medicare Part B costs $170.10 in 2022. The premium for Part B in 2023 is about 3 percent lower—or $5.20 less. The new monthly cost will be $164.90.
Part B also has a deductible. It was $233 in 2022, but it also has been reduced for 2023. The annual deductible for next year is $7 less, or $226….