According to an update released by CMS on September 27, 2023: The standard monthly premium for Medicare Part B decreases to $164.90 in 2023, compared to $170.10 in 2022, a decrease of $5.20. The annual deductible for Medicare Part B beneficiaries decreases from $233 to $226 in 2023. The Medicare Part B monthly adjustment amount is income-related and the total premiums for fully insured Part B beneficiaries in 2023 are shown below.
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