The Center for Medicare and Medicaid Services (CMS) has announced the 2024 Medicare Premiums and Copay/Deductibles.
Medicare Part B Premium
The Medicare Part B standard monthly premium will be $174.70 in 2024, compared to $164.90 in 2023.
Note: The income-related Part B premiums for 2024 will vary depending on the extent to which an individual beneficiary’s income exceeds $103,000 (or a married couple’s income exceeds $206,000).
| 2024 Income Level-File Individual |
2024 Income Level-File Joint |
2024 Part B Premium |
| Less than or equal to $103,000 | Less than or equal to $206,000 | $174.90 |
| Greater than $103,000 and less than or equal to $129,000 |
Greater than $206,000 and less than or equal to $258,000 |
$244.60 |
| Greater than $129,000 and less than or equal to $161,000 |
Greater than $258,000 and less than or equal to $322,000 |
$349.40 |
| Greater than $161,000 and less than or equal to $193,000 |
Greater than $322,000 and less than or equal to $386,000 |
$454.20 |
| Greater than $193,000 and less than $500,000 |
Greater than $386,000 and less than $750,000 |
$559.00 |
| Greater than or equal to $500,000 |
Greater than or equal to $750,000 |
$594.00 |
2024 Medicare Deductible and Coinsurance Updates
As always, our 2024 Medicare supplement benefits match the federal program’s deductible and coinsurance increases, a distinct advantage in today’s ever-changing environment.
| 2024 Medicare Supplement Copay/Deductibles | ||
| Feature | 2023 Benefits | 2024 Benefits |
| Part A Inpatient Hospital Deductible | $1,600 | $1,632 |
| Hospital Coinsurance • 61-90 days • 91-150 days (lifetime reserve) |
$400 $800 |
$408 $816 |
| Skilled Nursing Facility Care Coinsurance • 21-100 days |
$200 | $204 |
| Part B Physician’s Services and Supplies Deductible | $226 | $240 |
2024 Medicare Deductible and Coinsurance Updates High Deductible Plans F and G 2024 Deductible
The 2024 annual deductible amount for the High Deductible Plans F and G is $2,800 compared to 2023 annual deductible of $2,700. The deductible amount for the high deductible version of plans F and G represents the annual out-of-pocket expenses (excluding premiums) that a beneficiary must pay before the policy begins paying benefits.
Marketing Materials
We have begun the process of updating our marketing materials and will make them available in mid December for ordering. A reminder communication will be sent when these materials are available.
If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083.
2024 Medicare Copay/Deductibles
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