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 AMOUNT 2022 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 2018 was In 2020

You Pay

File individual tax return File joint tax return File married & separate tax return
$91,000 or less $182,000 or less $91,000 or less $170.10
above $91,000 up to $114,000 above $182,000 up to $228,000 Not applicable $238.10
above $114,000 up to $142,000 above $228,000 up to $284,000 Not applicable $340.20
above $142,000 up to $170,000 above $284,000 up to $340,000 Not applicable $442.30
above $170,000 up to $500,000 above $340,000 up to $750,000 above $91,000 up to $409,000 $544.30
above $500,000 above $750,000 above $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 return File joint tax return File married & separate tax return
$91,000 or less $182,000 or less $91,000 or less $0
above $91,000 up to $114,000 above $182,000 up to $228,000 Not applicable $12.40
above $114,000 up to $142,000 above $228,000 up to $284,000 Not applicable $32.10
above $142,000 up to $170,000 above $284,000 up to $340,000 Not applicable $51.70
above $170,000 up to $500,000 above $340,000 up to $750,000 above $91,000 up to $409,000 $71.30
above $500,000 above $750,000 above $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

Medicare costs for 2022