How will the new Medicare changes affect you in 2023?
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
We also host an Educational Medicare 101 webinar every week.
During this webinar, you will:
- 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.
- How to avoid the top 7 reasons people overspend by thousands of dollars each year.
- How to take advantage of specific rights & entitlements that protect you from overpaying