Medicare Cost Of Living Increase For 2024
Medicare Cost Of Living Increase For 2024. However, the standard monthly cost of medicare part b will increase by $9.80, or 6%, to $174.70 in 2024, according to the centers for medicare and medicaid. 2024 cost of living adjustment (cola) november 9, 2023.
The standard monthly premium for medicare part b will be $174.70 for 2024, up from $164.90 this year. The declining rate of inflation points to a significantly lower cola for next year, after the 8.7% cola in 2023 — the highest in four decades.