What’s new for Medicare in 2023?

By KATE ASHFORD of NerdWallet

A new year means changes to Medicare, including updated premiums and deductibles and sometimes big policy moves. In 2023, there’s a little of everything: Some costs have gone down, others have increased, and there are some notable tweaks to how Medicare works. Understanding what’s new can help you get the most from your Medicare benefits. Here are some of the bigger changes this year, including a lower Part B premium, limits on monthly insulin costs, new start dates for Medicare coverage, new coverage for vaccines and lower Medicare Advantage plan star ratings.