Americans on Medicare can expect their premiums to rise by just over $10 a month starting in 2025.

The announcement came from Centers for Medicare and Medicaid Services, which said it would also raise deductibles by $17 because of higher projected costs and assumed increases in usage.

According to CMS, anyone making more than $106,000 can expect to see their premiums rise even more, but how much depends on how much they earn.

“It’s very important to remember that this is already a struggle for some on Medicare,” said Gretchen Jacobson of the Commonwealth Fund. “About one in five people on Medicare said they skipped needed care because of the cost of that care.”

According to CMS, these increases are only for Medicare Part B beneficiaries who receive help with outpatient care and medical equipment. The $10.10 increase nearly mirrors the $10 increase that Part B recipients saw between 2023 and 2024.

News of the increase comes about a month after the Social Security Administration announced a 2.5 percent cost-of-living adjustment — which increases the monthly Social Security benefit by $50.

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Since most Part B beneficiaries have their premiums deducted directly from their payments, this $10.30 increase will come out of it before it hits their bank accounts.

“There are provisions that if someone’s Social Security check goes up less than their Part B premium increase for some people, that may mean they pay a smaller increase in their Part B premium,” Jacobson said. “Appropriate
The Social Security Department expects to affect a relatively small portion of people this year.”

An analysis by Mary Johnson of the Senior Citizens League shows that since 2005, Medicare Part B premiums have risen at a higher rate than Social Security cost-of-living adjustments and inflation.

According to her research, premiums, on average, rose 5.5 percent each year, while COLAs for Social Security recipients rose an average of 2.6 percent. Inflation during that period averaged 3.4% per year.