January 1, 2022
In November of 2021, the Centers for Medicare & Medicaid Services (CMS) released the Social Security Administration’s announcement of the 2022 Medicare Part B premium and deductible. The standard Part B premium for 2022 is $170.10, which is an increase of $21.60 in comparison to the 2021 standard Part B premium for Medicare. The 2022 Part B deductible is $233, which is an increase of $30.00 in comparison to the deductible in 2021.
Most Americans will pay the standard Part B premium amount, but individuals with higher gross incomes will pay more. In order to be charged the standard Part B premium amount, beneficiaries’ gross income must be $91,000 or less for individuals, or 182,000 or less for those who file taxes jointly.
Part B monthly premiums for individuals who have a gross salary of over $91,000 include:
- Gross income $91,000-$114,000: $238.10 Part B monthly premium
- Gross income $114,000-$142,000: $340.20 Part B monthly premium
- Gross income $142,000-$170,000: $442.30 Part B monthly premium
- Gross income $170,000-$500,000: $544.30 Part B monthly premium
- Gross income $500,000+: $578.30 Part B monthly premium
What is Medicare Part B?
Medicare Part B, also known as medical coverage, covers outpatient services. This includes, but is not limited to, doctor visits, durable medical equipment, lab tests, mental healthcare and preventative services.
What is a premium?
Most Medicare plans require you to pay a Part B premium. This is a monthly set fee that allows you to maintain your Medicare coverage.
What is a deductible?
A deductible is the dollar amount you must pay out-of-pocket before your Medicare coverage kicks in.
