Thursday, November 14, 2024

Locals not looking forward to Medicare Part B premium increases

LA CROSSE (WKBT) -- A trip to the doctor will soon be more expensive for some senior citizens. This week, the Center for Medicare and Medicaid Services is announcing an increase in Part B premiums.

Mary Freisinger has used Medicare Part B since 2020. She's one of several senior citizens who will be paying more for it next year. 

"I'm not too happy about it. I'll just have to wait and see what it goes up to," she said.

Medicare Part B has a monthly premium that's going from $174 to $185 a month for some people. 

According to Cullen Teska, an agent with Strive Medicare, the Inflation Reduction Act and the increase in costs of prescriptions are causing Medicare Part B premiums to rise.

"Medicare's max out of pocket has been reduced from this year in 2024 its $8,000 down to $2,000," Teska said. 

But Teska says expect to see price increases in co-pays for doctors' visits and outpatient care at hospitals. He also says folks with other Medicare plans should be concerned.

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