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Medicare Part B premium reduction won’t happen this year

June 11, 2022

From the CNBC website

Your Medicare Part B premiums won’t be reduced this year, the government has announced.

After being directed by Health and Human Services Secretary Xavier Becerra in January to reassess this year’s $170.10 standard monthly premium — a bigger-than-expected 14.5% jump from $148.50 in 2021 — the Centers for Medicare & Medicaid Services has released a report determining that a mid-year correction is not feasible. Instead, any savings that result from lower-than-estimated spending this year will be applied to the calculation for the 2023 Part B premium.

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