Healthcare Premiums on the Rise in 2024: Medicare, ACA, and CalPERS Affected
Medicare Part B premiums may increase in 2024 due to the introduction of a new Alzheimer's treatment called Leqembi, which has been approved for Medicare coverage. The estimated increase in premiums is around $10 per month, bringing the total to $174.80. The drug and related services may add an additional $5 per month, resulting in a total premium of $179.80. This increase is expected to be driven by the high cost of the treatment, making it one of the most costly drugs covered by Medicare Part B. The rise in premiums may impact Social Security checks, particularly for individuals with lower benefits, as the premiums are typically deducted directly from monthly Social Security payments.