2025 Medicare Deductibles & Premiums

Every year, Medicare adjusts its Part B premiums, deductibles, and coinsurance rates, keeping in step with Social Security Act requirements (and perhaps just to keep us all on our toes).  For 2025, the standard monthly premium for Medicare Part B will be $185.00, a $10.30 bump up from the 2024 rate of $174.70.  The annual deductible for Part B also creeps up to $257, from $240 in 2024. This is the yearly deductible that you have to pay before your coverage starts if you have a Medigap Plan G or Plan N.

Income Related Monthly Adjustment Amounts (IRMAA) for Part B and Part D: Depending on your income level, you may have a bit more to pay on top of the $185 base Part B premium.  For Part D, this extra amount will be added to your standalone prescription drug plan (PDP) premium.  And if you’re in a Medicare Advantage plan with drug coverage, expect a direct bill from your plan, regardless of whether you originally signed up for a $0 premium plan.  Since 2007, income-based Part B premiums have been the norm for about 8% of Medicare beneficiaries, adding a bit more spice to their bills each year.

Medicare Part A Premium & Deductible Costs for 2025:  Medicare Part A, covering hospital stays, skilled nursing facilities, hospice, and some home health services, has its own premiums and deductibles that update annually.  Understanding these costs is essential for planning out-of-pocket expenses for hospital care and related services.
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Medicare costs may keep changing, but with a little planning, you’ll be ready for what comes your way in 2025!

For more information, visit https://www.cms.gov/newsroom/fact-sheets/2025-medicare-parts-b-premiums-and-deductibles