What's new for 2023?
  • The Cost of Living Adjustment (COLA) for Social Security is 8.7%.  
  • Part B premium is $164.90 per month and the yearly deductible is $226.
  • The Part D drug deductible will range from $0-$505 depending on the plan you choose. 
  • Income Related Medicare Adjustment Amounts (IRMAA) for high-income households-more than $97,000 for individuals and $194,000 for couples- have also changed.  IRMAA applies in addition to the standard Medicare premiums for Part B and/or Part D.

Discussions of offering coverage for dental, vision and hearing to those with Original Medicare continue but no decisions have been made in this year’s budget talks, so coverage if approved may come in later years.

For those in Medicare Advantage plans the maximum out-of-pocket (MOOP) limit for 2023 is $8300.  Note that this maximum is only for Part A and Part B deductible and co-pays.  Part D drug costs are not included. Studies have shown that even with MOOP and a $0 premium, Advantage plans can end up costing more than Original Medicare and a supplemental insurance policy.  So be sure to read and understand the coverage being offered and the costs to you.

PA MEDI counselors are trained and available to provide FREE, personalized, unbiased counseling.   If you have questions about your current Medicare coverage or are new to Medicare, counselors are available to help you.  Please call your local senior center to schedule an appointment or leave a message on  our Helpline 610-344-5004 to talk to a counselor. Calls will be answered in 24 hours.

Show All Answers

1. What is Medicare's Annual Open Enrollment Period?
2. How and when do I enroll in Medicare?
3. How does Medicare work with employer based insurance?
4. Am I covered by Medicare if my spouse or I is employed?
5. When can I switch my Medicare plan?
6. Does Medicare Cover COVID-19 Costs?
7. Do I need Medicare Part D?
8. Does Medicare cover vaccines?
9. What if one or more of my drugs is no longer covered by my Medicare drug plan?
10. What happens if you lose your Employer Group Health Plan when you are eligible for Medicare?
11. What's new for 2023?
12. When are the Medicare General Enrollment Period and the Medicare Advantage Open Enrollment Period?
13. How do I avoid Medicare scams?
14. What are 5-Star plans and when can I enroll?
15. How can I get help paying for Medicare Part B and Part D?
16. What are the different parts of Medicare?
17. How do I update my contact information if I'm moving?
18. Can I change my Medicare Advantage or Medicare Prescription Drug Plan anytime?
19. How do I create a Medicare account?
20. What are the benefits of the Inflation Reduction Act (IRA) of 2022 for Medicare beneficiaries?