2025 Medicare Open Enrollment Is Here: 3 Benefits Changes Retirees Should Know

Retirees recently found out their annual cost-of-living adjustment for Social Security in 2025, and now it's time to enroll for Medicare. Enrollment launched on Oct. 15 and will last until Dec. 7. Similar to Social Security, the Medicare program has many rules and can be complex. There will be several changes affecting Medicare that retirees should know about and be prepared for. Some are positive, while others can help you budget better for next year. With 2025 Medicare enrollment upon us, here are three benefits changes retirees should know about.The Centers for Medicaid and Medicare Services recently announced new monthly premiums for Medicare Parts A and B next year. Medicare Part B covers many common medical care services retirees might need, such as doctor visits, outpatient care, lab visits, mental health services, preventive services, and some medical equipment like wheelchairs.Next year, the standard monthly Part B premium will increase by about 6% to $185. Meanwhile, the annual Part B deductible will increase by roughly 7.1% to $257. According to CMS, the changes are due to expected price changes and projected utilization increases, which are not unlike past years. Standard monthly Medicare Part B premiums and deductibles increased roughly 6% and 6.2%, respectively, this year. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool