On November 8, the Centers for Medicare and Medicaid Services announced the Medicare premiums and costs for 2025. Let’s take a quick look at what you need to know.

Get ready for a hefty hike in your Medicare Part B premiums. Learn how the 2025 increase will affect your budget and what steps you can take to minimize the impact.

Currently, Medicare Part A enrollees pay a $1,632 inpatient hospital deductible. In 2025, that deductible is rising to $1,676. Meanwhile, that Part A deductible only covers the first 60 days of a hospital stay. From there, a daily coinsurance rate starts to apply.

Medicare participants with an income above the threshold must pay a surcharge for Medicare Part B and Part D based on their income.

Key Takeaways Medicare Part A (hospital insurance) deductibles will rise by 2.7% in 2025. Part B (medical coverage) premiums will rise by 5.9%, while deductibles will increase by 7.1% in 2025.Everyone has to pay Part B premiums,

Medicare premium rates for 2025 come just a month after the Social Security Administration announced the cost-of-living adjustments for next year.