Finally, Pullback on Cost of Medicare Part B in 2023

 "The Centers for Medicare & Medicaid Services (CMS) announced that Medicare Part B premiums would be lowered by three percent, or $5.20, going from $170.10 a month to $164.90. The program’s annual deductible will also fall by $7, from $233 to $226." - The Hill, September 27, 2022.

Finally, some good news for those on Medicare. The recent hike had played havoc with budgets. 

This is the first pullback in 10 years.

In addition, aligned with the surge in inflation, there is estimated a major increase in the Social Security COLA for 2023. It could almost in the high end of 8 percent. That will be announced officially next month.

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