Social Security Increase 2024 Medicare Increase. Residents enrolled in original medicare (part a and part b) or a medicare advantage plan must pay a standard part b monthly premium of. The new 2024 monthly premium will be $9.80 more than the $164.90 in 2023, a 5.9% increase.

A rise in the medicare part b premium in 2024 would offset a portion of the cola increase for social security recipients who have premiums deducted directly from their benefit payments, as do about 70 percent of. In addition, if you receive social security, here’s how much the cola increase will be next year.