Medicare Part B Premium Increases 14.5% For 2022

The Centers for Medicare & Medicaid Services (CMS) announced on Friday evening the 2022 Medicare Part A and B costs.

The Medicare Part B premium is increasing by 14.5%, the highest premium increase our office has ever seen.

In 2021, the Part B premium is $148.50. In 2022, the Part B premium will be $170.10, a $21.60 increase.

The Part B deductible is also increasing from $203 in 2021 to $233 in 2022.

CMS says the major price hikes are due to rising prices, higher utilization, and the uncertainty of Aduhelm, the expensive new Alzheimer’s drug that Medicare is currently reviewing.  

For those with a high income, premiums are also increasing. In fact, couples in the highest income category will be paying nearly $14,000 per year in Medicare Part B premiums.

For more information about the Medicare 2022 premiums and deductibles, visit the CMS Fact Sheet.