How will the new Medicare changes affect you in 2023?
Last Updated on January 11, 2025 by policyengineer
Medicare published some of the new Medicare costs for 2023. This includes the new part B premium and the Part B deductible. There is some good news; the new premium for part B will drop to $164.90 in 2023 ($170.10 in 2022), and the deductible for Part B will also decrease.
Overview Medicare updates 2023
- Part A premiums, deductibles, and coinsurance also increased in 2023.
- Medicare’s Part B standard premium & deductible decreased for 2023.
- Medicare’s Part B and D income brackets for high-income premium adjustments start at $97,000 for a single person,
and the high-income adjustment amount for Part B and Part D decreased in 2023. - Beginning January 1, 2023, Medicare will offer a new benefit that helps you continue to pay for your immunosuppressive drugs beyond 36 months.
Medicare part B dropped in price!
Medicare Part B:

Medicare gave the following reasons for the price drop (CMS); there was lower spending than projected on part B services, which resulted in much larger reserves. The excess SMI (Supplementary Medical Insurance) reserves are passed along to people with Medicare Part B coverage (price drop).
Medicare Part A:
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What about immunosuppressive drugs in 2023?
Starting in 2023, some Medicare enrollees who are past the 36th month of a kidney transplant are no longer eligible for full medicare coverage. Instead, they can elect to continue Part B coverage of immunosuppressive drugs by paying a premium. This premium will cost $97.10. Learn more about this on page 52.
These are the published changes so far; we will continue to update the blog when more information is released.
Medicare 101 Webinar
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- Learn about how changes in the 99+ plans in your area will affect your next year by attending this Medicare Annual Election Period educational seminar.
- How to decide whether a Medicare Supplement or Medicare Advantage Plan is right for you based on your needs.
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