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Medicare Costs for 2022

Medicare Costs for 2022 were announced on 11/12/2021 by the Centers for Medicare & Medicaid Services.

2022 MEDICARE COSTS
2021 AMOUNT2022 AMOUNT
Medicare Part B Premiums$148.50$170.10
Part A Deductible (Inpatient Hospital)$1,484$1,556
Part B Deductible (Physician’s Services)$203$233
Hospital Coinsurance Days 61-90$371$389
Hospital Coinsurance Days 91-150$742$778
Skilled Nursing Facility Coinsurance$185.50$194.50
High Deductible Plan F$2,370$2,490
Plan K Out of Pocket Maximum$6,220 
Plan L Out of Pocket Maximum$3,110 

2022 Medicare Part B Costs

The base premium for 2022 Medicare Part B is $170.10. Part B pricing is based on your income from 2 years prior, therefore your 2022 Medicare Part B costs are based on your 2020 income tax filings. The increased premium over the based amount is called IRMAA and stands for Income-Related Monthly Adjustment AmountIRMAA is an additional amount that some people might have to pay along with their Medicare premium if their modified adjusted gross income (MAGI) is higher than a certain threshold. To avoid confusion, our chart below shows the entire premium you owe for your 2022 Medicare Part B Costs for each income bracket.

If your yearly income in 2020 was

In 2022

You Pay

File individual tax returnFile joint tax returnFile married & separate tax return
$91,000 or less$182,000 or less$91,000 or less$170.10
above $91,000 up to $114,000above $182,000 up to $228,000Not applicable$238.10
above $114,000 up to $142,000above $228,000 up to $284,000Not applicable$340.20
above $142,000 up to $170,000above $284,000 up to $340,000Not applicable$442.30
above $170,000 up to $500,000above $340,000 up to $750,000above $91,000 up to $409,000$544.30
above $500,000above $750,000above $409,000$578.30

Medicare Part D Costs

2022 Medicare Part D – Plan Costs

2022 AMOUNT

PART D COSTS
Initial Deductible$480
Initial Coverage Limit (ICL)$4,430
Out-of-Pocket Threshold (TrOOP)$7,050
Coverage Gap (Donut Hole)Between $4,430 and $7,050

2022 Medicare Part D – Premium Costs

Base Part D premiums are set by your Part D insurance company. The average premium for 2022 is $31.47.

The increased premium over the based amount is called IRMAA and stands for Income-Related Monthly Adjustment AmountIRMAA is an additional amount that some people might have to pay along with their Medicare premium if their modified adjusted gross income (MAGI) is higher than a certain threshold.

The 2022 IRMAA premium below is what you will pay in addition to your Part D premium.

If your yearly income in 2020 was

In 2022

Your IRMAA is

File individual tax returnFile joint tax returnFile married & separate tax return
$91,000 or less$182,000 or less$91,000 or less$0
above $91,000 up to $114,000above $182,000 up to $228,000Not applicable$12.40
above $114,000 up to $142,000above $228,000 up to $284,000Not applicable$32.10
above $142,000 up to $170,000above $284,000 up to $340,000Not applicable$51.70
above $170,000 up to $500,000above $340,000 up to $750,000above $91,000 up to $409,000$71.30
above $500,000above $750,000above $409,000$77.90

2022 Medicare Advantage & Medigap Pricing

Medicare Advantage Plans and Medigap plan pricing are dictated by the insurance companies. We go into this a little more in our Medicare Advantage vs Medigap article.

2022 Medicare & You Handbook

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Jesse Smedley is the Principal Broker for iHealthBrokers and the founder, president, and CEO of Smedley Insurance Group, Inc. and iHealthBrokers.com. Since the inception of SIG in 2007, Jesse has been dedicated to helping people save money on their health insurance by providing them with resources to educate themselves on all their health insurance options, both under age 65 and Medicare beneficiaries. He is featured in many publications as well as writes regularly for expert columns regarding health insurance and Medicare.

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