New Changes in Medicare, Here’s What to Expect in 2023
There are some changes to Medicare coverage and costs in 2023. Read on to learn more about these changes and how they’ll affect you in the coming year.
1. Lower Part B Premiums and Deductibles
Medicare Part B premiums will drop to $164.90 in 2023. It’s a $5.20 decrease from 2022. In 2023, those who make over $97,000 will pay more, but their premiums will be slightly lower than they were in 2022.
2. Lung Cancer Screening Coverage
Lung cancer screenings will be included in Medicare’s preventive care services in 2023. However, this isn’t open to everyone. To qualify, you must meet the following criteria:
- You’re between the ages of 50 and 77.
- You don’t have any signs or symptoms of lung cancer.
- You’re a current smoker or have quit within the last 15 years.
- You have a tobacco smoking history of an average of at least one pack per day for at least 20 years.
- You get an order from your doctor.
Those who meet these criteria won’t pay anything out of pocket for this screening.
Hot Tip: Currently not insured? Be sure to reach out to a medicare professional, there is coverage for every income level.
3. Changes in Medicare Start Dates
Medicare coverage will begin sooner if you sign up in 2023. Previously, if you enrolled in Medicare one to three months after turning 65, it could take another two to three months before your coverage kicked in.
Starting in 2023, if you enroll in Medicare one to three months after your turn 65, your coverage begins the following month
4. No-Cost Shingles Vaccine
When covered, Part D adult vaccines that are recommended by the Advisory Committee on Immunization Practices (ACIP), such as the shingles vaccine, will be available at no additional cost to people with Medicare Part D coverage.
The Centers for Disease Control and Prevention (CDC) recommends the shingles vaccine for people with healthy immune systems who are ages 50 and over.
5. Insulin Costs Capped
Starting January 1, 2023, out of pocket costs for a one-month supply of each covered insulin product will be capped at $35. Medicare Part D deductibles won’t apply to covered insulin products.
6. Telehealth Services
Telehealth services will be expanded in 2023. Due to the COVID-19 pandemic, Medicare has temporarily expanded coverage for telehealth services, allowing beneficiaries to receive certain medical care remotely. It is possible that some of these temporary changes may be made permanent in 2023.