2025 Medicare Costs Set to Rise; Premium Increases Announced for Seniors
The Centers for Medicare and Medicaid Services (CMS) has announced significant increases in Medicare costs for seniors starting January 2025. Standard monthly premiums for Medicare Part B will rise by approximately 6%, reaching $185.00, alongside an increase in annual deductibles. High-income earners will face additional charges as well, following adjustments influenced by inflation and healthcare utilization trends.