Medicare fees are lower for 2023

[question everything]

I got the email inviting me to log into my Social Security account to view the 2023 benefits.

Of course it did not recognize me, so I tried to use a new password and got an email that... that email is not associated with any account.. and finally I did what I never do, clicked on the link from the email and had to wait for security code to be emailed.

Anyhoo, monthly Medicare will be $164.90 instead of $170.10.

I probably should call them, anyway to assure that the account is not compromised. As it happened, several days ago I did get an email notifying me that my account was suspended for "suspicious" activity. I trashed it.

[Diamond_Dog]

1. Thanks Brandon!

[Tess49]

2. I logged into my account. $164.90 is correct according to the SSA. n/t

[PoindexterOglethorpe]

4. Yep. This information has been out there for several months now.

The reason Medicare is going down is that they are not going to pay for some very sketchy Alzheimer's drug that a year or so ago thought they would pay for. It's both ineffective and hideously expensive, so that's the right decision.

[progree]

5. It was $148.50 in 2021 and $164.90 in 2023 so a 11.0% increase over 2 years

(5.4% average annual increase). Compare to: the CPI increased 14.4% in the past 2 years (November 2022 over November 2020)

https://www.thebalancemoney.com/current-and-historical-medicare-part-b-premiums-2388483