{"id":21181,"date":"2023-12-28T05:26:41","date_gmt":"2023-12-28T05:26:41","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2023\/12\/28\/the-2024-medicare-landscape\/"},"modified":"2023-12-28T05:26:41","modified_gmt":"2023-12-28T05:26:41","slug":"the-2024-medicare-landscape","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2023\/12\/28\/the-2024-medicare-landscape\/","title":{"rendered":"The 2024 Medicare Landscape"},"content":{"rendered":"
<\/a><\/div>\n
<\/div>\n

The new year starts Monday, and new Medicare rules and parameters will take effect.<\/p>\n

Here\u2019s an example of how to answer a client question about what 2024 will mean for Medicare beneficiaries.<\/p>\n

The Question<\/h2>\n

As we enter 2024, what should Medicare beneficiaries know about program updates?<\/p>\n

The Answer<\/h2>\n

This year, Medicare beneficiaries will see changes in costs and changes in a major plan comparison tool.<\/p>\n

Medicare Part A Changes<\/strong><\/p>\n

The Medicare Part A program covers inpatient hospitalization expenses.<\/p>\n

The Medicare Part A deductible will increase to $1,632 in 2024, from $1,600 in 2023.<\/p>\n

This change, albeit modest, could affect clients who go to the hospital.<\/p>\n

Coinsurance costs and skilled nursing facility costs are also rising.<\/p>\n

Coinsurance costs will rise to $408 per day for days 61 through 90 of hospitalization, up from $400 in 2024.<\/p>\n

The coinsurance cost for skilled nursing facility care will increase to $204 for days 21 through 100, from $200.<\/p>\n

Medicare Part A Premiums<\/strong><\/p>\n

A majority of Medicare beneficiaries do not pay Part A premiums.<\/p>\n

For clients who have paid payroll taxes for 30 to 39 quarters, the premium will hold steady at $278 per month.<\/p>\n

For clients who have paid payroll taxes for fewer than 30 quarters, the premium will fall to $505 per month, from $506 per month in 2023.<\/p>\n

Medicare Part B Updates<\/strong><\/p>\n

Medicare Part B pays for outpatient hospital care and physicians\u2019 services.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new year starts Monday, and new Medicare rules and parameters will take effect. Here\u2019s an example of how to answer a client question about what 2024 will mean for Medicare beneficiaries. The Question...<\/p>\n","protected":false},"author":1,"featured_media":21182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2023\/12\/the-2024-medicare-landscape.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21181"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=21181"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/21182"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=21181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=21181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=21181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}