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Social Security and Medicare Info
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The standard monthly premium for Medicare Part B enrollees will be $164.90 for 2023, a decrease of $5.20 from $170.10 in 2022. The annual deductible for all Medicare Part B beneficiaries is $226 in 2023, a decrease of $7 from the annual deductible of $233 in 2022.
2023 COLA increase is expected to hit 8.6 %.
"According to Wilbert J Morell III, a retired Navy Engineering Project manager, “If the Inflation trend continues through September, inflation for the last 12 months ending on 30 September will be 8.1%. If the CPI-W remains constant for the month of September, the 2023 Social Security and CSRS COLAs effective on 1 December 2022 will be 8.6%, and the FERS COLA for 2023 will be 7.6%.”
SOURCES: Bobby Donelson, President of the SW Costal Retiree Chapter
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