On November 12, 2021, the Centers for Medicare & Medicaid Services (CMS) released the 2022 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs.
Each year, Medicare premiums, deductibles, and copayment rates are adjusted according to the Social Security Act. For 2022, the cost-sharing amounts for both Medicare Part A and Medicare Part B are higher than the 2021 amounts. Part B, in particular saw a surprising increase, some of the reasons for which are explained in the next article.
Since 2007, a beneficiary’s Part B monthly premium has been based on his or her income. Increased income-related monthly adjustment amounts (IRMAA) affect roughly 7 percent of people with Medicare Part B. The Part B total premiums for high income beneficiaries have also increased for 2022.
For all the 2022 numbers, see:
- Center for Medicare Advocacy: https://www.medicareadvocacy.org/medicare-cost-sharing-rates-premiums-deductibles/