Medicare Part B monthly premium to be reduced by 3% to $164.90 in 2023

Medicare beneficiaries will see their Part B premiums decrease by 3% in 2023, the first time in over a decade that the tab will be lower than the year before, the Centers for Medicare and Medicaid Services announced. The standard monthly premium for Part B will be $164.90 next year, down $5.20 from $170.10 in 2022.