CMS: Zero growth for Part B premiums
WASHINGTON – The Medicare Part B premium will not increase in 2014, CMS announced this week.
The standard Medicare Part B premium will be $104.90 in 2014, the same as 2013, the agency stated.
“We continue to work hard to keep Medicare beneficiaries’ costs low by rewarding providers for producing better value for their patients, and fighting fraud and abuse,” stated CMS Administrator Marilyn Tavenner in a press release. “As a result, the Medicare Part B premium will not increase for 2014, which is good news for Medicare beneficiaries and for American taxpayers.”
CMS pointed out that the Medicare Part B premium has been less than expected or remained the same for the past three years.
Additionally, the deductible will remain $147, the agency stated.
To read CMS’s notice, click here.