Page 18 THE MALDEN ADVOCATE–Friday, November 4, 2022 avy eniiooravvy S iorn or avvyavy vvy io iori by Jim Miller What You’ll Pay for Medicare in 2023 Dear Savvy Senior, I’ve read that retirees will be getting a nice cost-of-living increase in our Social Security benefi ts next year but what about Medicare? What will our Medicare Part B monthly premiums and other Medicare costs be in 2023? Planning Ahead Dear Planning, From an entitlement program standpoint, 2023 is going to be a very good year for retirees! Not only will you receive a nice 8.7 percent cost-of-living increase in your Social Security retirement benefi ts – the largest since 1981 – the Centers for Medicare and Medicaid Services also recently announced that your Medicare Part B standard monthly premium will be lowered 3 percent ($5.20) from the current rate of $170.10 per month, to $164.90/month in 2023. The reason for the reduction is a correction to last year’s hefty Part B premium increase, which was larger than it needed to be. The 2022 premium hike of about 14.5 percent was announced amid uncertainty about the potential impact of a new Alzheimer’s drug called Aduhelm, which threatened to explode Medicare costs. That didn’t happen. The cost of the drug was cut roughly in half from an original $56,000 a year and Medicare sharply limited coverage. This created a large fi nancial reserve for Part B, allowing the program to reduce next year’s premium. You’ll also be happy to know that in addition to the premium reduction, the annual deductible for Medicare Part B will also be lowered $7 from $233 in 2022, to $226 in 2023. And if you have a Medicare Part D prescription drug plan, the average premium in 2023 will be about $31.50, which is a 1.8 percent decrease from $32.08 in 2022. But the news isn’t all rosy. The deductible for Medicare Part A (hospital coverage) per benefi t period (which generally starts when you are admitted to the hospital) will be $1,600 in 2023, up $44 from this year’s $1,556. That applies to the fi rst 60 days of inpatient care. For the 61st through 90th day, the coinsurance will be $400 per day, up from $389 this year. And for days 91 to 150, the charge will be $800 per day (up from $778 in 2022). And the skilled nursing facility coinsurance for days 21-100 will also increase to $200 per day, up from $194.50 in 2022. Wealthy Benefi ciary Breaks High earning Medicare benefi ciaries, which makes up about 7 percent of all Medicare recipients, will also receive a break in 2023. Medicare surcharges for high earners are based on adjusted gross income from two years earlier, which means that 2023 Part B premiums are determined by 2021 annual income. So, if your 2021 income was above $97,000 up to $123,000 ($194,000 up to $246,000 for married couples fi ling jointly), your 2023 Part B monthly premium will be $230.80, down from $238.10 in 2022. Monthly premiums for singles with an income between $123,000 and $153,000 ($246,000 and $306,000 for joint fi lers) will decrease from $340.20 to $329.70 in 2023. Individuals earning above $153,000 up to $183,000 ($306,000 to $366,000 for joint fi lers) will see their monthly premium decrease from $442.30 to $428.60 in 2023. Those with incomes above $183,000 up to $500,000 ($366,000 to $750,000 for joint fi lers), your 2023 Part B premium will be $527.50, down from $544.30 in 2022. And single fi lers with income of $500,000 or more ($750,000 or more for joint fi lers) will pay $560.50 per month next year, versus this year’s premium of $578.30. High-income benefi ciaries with a Medicare Part D prescription drug plan will also pay a little less next year. If your income was over $97,000 ($194,000 for joint fi lers) you’ll pay a $12.20 to $76.40 monthly surcharge on top of your regular Part D premiums based on your income level. For more information on Medicare’s 2023 costs see Medicare. gov/basics/costs/Medicare-costs. Send your senior questions to: Savvy Senior, P.O. Box 5443, Norman, OK 73070, or visit SavvySenior.org. Jim Miller is a contributor to the NBC Today show and author of “The Savvy Senior” book. ~ Legal Notice ~ Mystic Valley Regional Charter School Meals Program RFR #23-200 11/14/22 12/09/22 01/02/23 RFR Release Date: Response Deadline: Performance to Commence: School Breakfast & Lunch Program for the FY 23 School Year (January 3, 2023 – June 30, 2023) based on the final school calendar that will be made available upon award of contract. The vendor is asked to supply sample menus, quote pricing, and describe how meals will be prepared, packaged, and delivered. We will consider proposals that involve prepping premade meals on site with our own staff as well as proposals dealing with preparing individual meals off site and delivering those meals to our four (4) sites. If delivering prepared meals, those meals should be delivered in thermal transport bags or containers that will support the hot or cold items that are being transported. November 04, 2022 City of Malden Community Preservation Committee Monthly Meeting and Public Hearing Agenda Wednesday, November 16, 2022, 6:00 PM Monthly Meeting and Public Hearing Hybrid Meeting City Hall, Room #108, 200 Pleasant Street, Malden MA (in person) Live streamed via Zoom (virtual) On June 16, 2022, Governor Baker signed into law An Act Extending Certain COVID-19 Measures Adopted During the State of Emergency. This Act includes an extension, until March 31, 2023, of the remote meeting provisions of his March 12, 2020, Executive Order Suspending Certain Provisions of the Open Meeting Law. This meeting will be conducted in person and via remote participation. This meeting may include in person attendance by members of the public and via remote access by internet or telephone. Public access will also be provided by posting draft minutes, and/or a transcript, recording, or record of the meeting on the City of Malden website at cityofmalden.org as soon as practicable after the meeting. Additional information/guidelines for the public can be found here: https://www. mass.gov/service-details/updated-guidance-on-holding-meetings-pursuant-tothe-act-extending-certain-covid-19-measures. Members of the public who wish to attend remotely can do so using the following information: https://cityofmalden.zoom.us/j/97068679633 Webinar ID: 970 6867 9633 Or join by phone from the US: +1 646 518 9805 or +1 929 436 2866 If you would like to request a reasonable accommodation, please contact Maria Luise, ADA Compliance Coordinator at mluise@cityofmalden.org or 781-397-7000, Ext. 2005 Agenda 1. Call to Order/ Roll Call 2. Approval of October 2022 Meeting Minutes 3. Other Business 4. Adjournment of CPC Monthly Meeting 5. CPC Public Informational Hearing 6. Public Project Hearing a. Patchell Park b. Trafton Park 7. Adjournment of Public Hearing November 04, 11, 2022 10 AM 2 PM For Advertising with Results, call The Advocate Newspapers at 617-387-2200 or Info@advocatenews.net
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