2023 Medicare Copay/Deductibles
The Center for Medicare and Medicaid Services (CMS) has announced the 2023 Medicare Premiums and Copay/Deductibles.
Medicare Part B Premium
The Medicare Part B standard monthly premium will be $164.90 in 2023, compared to $170.10 in 2022.
Note: The income-related Part B premiums for 2023 will vary depending on the extent to which an individual beneficiary’s income exceeds $97,000 (or a married couple’s income exceeds $194,000).
| 2023 Income level-File Individual | 2023 Income Level- File Joint | 2023 Part B Premium |
| Less than or equal to $97,000 | Less than or equal to $194,000 | $164.90 |
| Greater than $97,000 and less than or equal to $123,000 | Greater than $194,000 and less than or equal to $246,000 | $230.80 |
| Greater than $123,000 and less than or equal to $153,000 | Greater than $246,000 and less than or equal to 306,000 | $329.70 |
| Greater than $153,000 and less than or equal to $183,000 | Greater than $306,000 and less than or equal to $366,000 | $428.60 |
| Greater than $183,000 and less than $500,000 | Greater than $366,000 and less than $750,000 | $527.50 |
| Greater than or equal to $500,000 | Greater than or equal to $750,000 | $560.50 |
2023 Medicare Deductible and Coinsurance Updates
As always, our 2023 Medicare supplement benefits match the federal program’s deductible and coinsurance increases, a distinct advantage in today’s ever-changing environment.
| 2023 Medicare Supplement Copay/Deductibles | ||
| Feature | 2022 Benefits | 2023 Benefits |
| Part A Inpatient Hospital Deductible | $1,556 | $1,600 |
| Hospital Coinsurance
61-90 days |
$389 |
$400 |
| Skilled Nursing Facility Care Coinsurance
21-100 days |
$194.50 |
$200 |
| Part B Physician’s Services and Supplies Deductible | $233 | $226 |
High Deductible Plans F and G 2022 Deductible
The 2023 annual deductible amount for the High Deductible Plans F and G is $2,700 compared to 2022 annual deductible of $2,490. The deductible amount for the high deductible version of plans F and G represents the annual out-of-pocket expenses (excluding premiums) that a beneficiary must pay before the policy begins paying benefits.