Medicare Premiums Increase; Open Enrollment Runs through Dec. 7th


November 14, 2024

An article published in Kiplinger's on Nov. 10th reports that several Medicare premiums have gone up, specifically "Medicare premiums for 2025, and the cost of Medicare Part A, Medicare Part B and Part D premiums and deductibles." To determine whether or not next year's levels will change will vary depending on each person's income.

"Medicare open enrollment is on and runs from October 15 to December 7 annually. You can switch from original Medicare to a Medicare Advantage plan, or vice versa, during this period. You can also choose a new Advantage plan or Medicare Part D prescription drug coverage. Coverage will begin in 2025." This article provides a rundown of what the current costs are so individuals can be better informed when selecting plans during open enrollment.

Click here to read this article.

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