CMS Release on 2022 Medicare

On November 12, 2021, the Centers for Medicare & Medicaid Services (CMS) released the 2022 Medicare Part A and B premiums, deductibles, and coinsurance amounts. The 2022 Medicare Part D income-related monthly adjustment amounts were also announced.

Medicare Part B Premium and Deductible

Physician, outpatient hospital, certain hospital health services, and other medical and health services including some medical equipment are covered by Medicare Part B. Every year the Social Security Act determines the Medicare Part B premium, deductible, and coinsurance rates.

For 2022:

  • The standard monthly premium for Medicare Part B enrollees will be $170.10 (an increase of $21.60 from 2021).
  • The annual deductible for all Medicare Part B beneficiaries is $233 (an increase of $30 from 2021).

Medicare Part B Income-Related Monthly Adjustment Amounts

A beneficiary’s Part B monthly premium is based on his or her income. The 2022 Part B premiums are shown in the following table:

Medicare Part A Premium and Deductible

Inpatient hospital, skilled nursing facility, hospice inpatient rehabilitation, and some home health care services are covered by Medicare Part A. The Medicare Part A inpatient deductible that beneficiaries pay if admitted to a hospital will be $1,556 in 2022.

For more information on the 2022 Medicare Parts A and B premiums and deductibles, visit here.

Medicare Part D Income-Related Monthly Adjustment Amounts

A beneficiary’s Part D monthly premium is based on his or her income. Part D premiums vary from plan to plan, and individuals pay the income-related monthly adjustment amount in addition to their Part D Premium. Refer to the chart below:

If you have Medicare-related questions please contact Ed Hourigan at ehourigan@creativebenefitsinc.com or call 610-325-0220.