Medicare Lowers Rates

For the first time in more than a decade, your Medicare Part B payments will be going down in 2023.

Inflation is 8.3%, medical costs are up by 5.4%, the average hospital stay for Medicare patients is $13,600 and the most recent estimate is that people aged 65 will pay $315,000 for medical care during their retirement years.

So what’s the good news about retiree medical costs? For the first time in more than a decade, your Medicare Part B payments will be going down in 2023.

Good News for Retirees: Medicare Payment Decreases Coming in 2023 (aol.com)