On November 8, the Centers for Medicare and Medicaid Services announced the Medicare premiums and costs for 2025. Let’s take a quick look at what you need to know.

In 2025, the standard monthly premium for Medicare Part B enrollees will be $185, up $10.30 from the current rate. The annual deductible — or the amount the enrollee pays before insurance begins to pay for health services — for all Part B beneficiaries will increase by $17 to $257 next year.

The CMS has released the new Medicare premiums, deductibles, and coinsurance amounts for 2025. Here’s a look at how much more you’ll pay next year.