When do the Medicare premiums and coinsurance rates change?

When do premiums and other costs change

Every fall, new premiums, deductibles, copayments and coinsurance rates are announced for the following year; they take effect every January. If you get Social Security or Railroad Retirement benefits, you will receive information about the new amounts in the mail, along with your December cost-of-living adjustment notice. This information will be available each fall on , or you can call Medicare at 800-MEDICARE (800-633-4227). Also in the fall, people with prescription drug plans will receive an annual notice of change letter that contains costs and other details for the following year

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