2022 Medicare Rate Increases
Some Medicare deductibles and premiums will increase in 2022. Learn more about what to expect for your Medicare costs.
Some Medicare costs typically increase every year. The expected 2022 Medicare rate increase for Medicare premiums, deductibles and more are outlined below according to the 2021 Medicare Trustees Report from the Centers for Medicare & Medicaid Services (CMS).
Note: the figures below are based on cost estimates from the Medicare Trustees Report. We will update this page when the official 2022 Medicare premiums are posted.
2022 Medicare Premiums: Medicare Part A and Part B
Medicare Part A premiums will remain at $0 for most beneficiaries. That’s because most beneficiaries have paid Medicare taxes for at least 40 quarters (10 years), which qualifies them for premium-free Part A.
But for those who have not paid the required amount of Medicare taxes to qualify for premium-free Part A, Part A premiums will increase. Those who have paid Medicare taxes for 30 to 39 quarters may see their premium increase from $259 per month in 2021, and those who have paid fewer than 30 quarters worth of Medicare taxes will likely see a jump from $471 in 2021 to a higher amount in 2022.
Medicare Part B premiums are also on the rise in 2022. The new standard monthly Part B premium in 2022 is estimated to be $158.50 per month, which is a $10 per month increase from $148.50 per month in 2021 and the largest single year Part B premium increase to date. Higher income earners may pay more for their Part B premiums in 2022.
2022 Medicare Part B Deductible
Premiums aren’t the only Medicare costs that tend to increase each year.
In 2022, the Medicare Part B deductible is estimated to be $217 per year. Medicare Part B requires you to meet your annual deductible before your Part B benefits kick in. The $217 annual Part B deductible in 2022 is an increase of $14 dollars from the 2021 Part B deductible of $203 per year.
Save Money on Out-of-Pocket Medicare Costs
Medicare Supplement (Medigap) plans can help pay for a number of out-of-pocket Medicare costs, such as certain deductibles, copays, coinsurance and more. A Medicare Supplement plan in 2022 could help pay for some of your Medicare costs in the new year, which is helpful when Medicare rates tend to increase each year.
To learn more and to compare plans available where you live, you can review plans online or call to speak with a licensed insurance agent.
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