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2024 Medicare Premiums and Deductibles

On October 12, 2023, the Centers for Medicare & Medicaid Services (CMS) released the 2024 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2024 Medicare Part D income-related monthly adjustment amounts.

The standard monthly premium for Medicare Part B enrollees will be $174.70 for 2024, an increase of $9.80 from $164.90 in 2023. Individuals with modified adjusted gross income in excess of $103,000 will pay a higher premium. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024, an increase of $14 from the annual deductible of $226 in 2023.

The daily co-pay for rehabilitation days in a skilled nursing facility (days 21 – 100) will increase to $204.

Part A Deductible and Coinsurance Amounts for Calendar Years 2023 and 2024
by Type of Cost Sharing
2023 2024
Inpatient hospital deductible $1,600 $1,632
Daily hospital coinsurance for 61st-90th day $400 $408
Daily hospital coinsurance for lifetime reserve days $800 $816
Skilled nursing facility daily coinsurance (days 21-100) $200.00 $204.00

2024 Medicare Premiums

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