Medicare has announced the 2024 Medicare Part B Premiums, IRMAA brackets and the cost sharing for those on Original Medicare. If you have a Medicare Supplement Plan G or N, you’ll need to be aware the 2024 Part B annual deductible has increased to $240 for 2024.
If you are on a Medicare Advantage plan or Original Medicare and a Supplement, you need to take note that on January 1st, 2024 the Part B Premium increases to $174.70 and the IRMAA brackets for 2024 have been adjusted.
Social Security has also announced the Cost of Living Adjustment (COLA) for 2024 will be 3.2%.
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