Medicare 2025 Enrollment Periods & Premium Increases Announced
The Medicare enrollment periods for 2025 have been announced. The General Enrollment Period (GEP) runs from January 1 to March 31, with potential late enrollment penalties for missing the deadline. Medicare Part B's standard premium is projected to increase to $185 per month.
Most federal employees and annuitants become eligible for Medicare benefits at age 65. Medicare Part A, which covers hospital insurance, has no premium for those eligible for Social Security or Railroad Retirement Board benefits. It can begin as early as age 65 during the Initial Enrollment Period (IEP), which spans three months before turning 65, the month of turning 65, and three months after.
Medicare Part B, which provides outpatient coverage, has a standard premium projected to increase to $185 per month in 2025. Enrollment for Part B is only during specific periods, with late enrollment penalties for not signing up when first eligible. A Special Enrollment Period (SEP) is available for those covered under an employer group health plan based on current employment. The income threshold year for Medicare Part B premium assistance in 2025 is 2023. Higher-income beneficiaries may pay additional amounts for Part B, known as the Income Related Monthly Adjustment Amount (IRMAA).
The General Enrollment Period for Medicare Part B in 2025 runs from January 1 to March 31. Be aware of the potential late enrollment penalties and the projected increase in Part B's standard premium. If you're eligible, ensure you enroll during the designated periods to avoid penalties and understand the income-related adjustments to your premium.
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