CMS Announces 2022 Medicare Cost-Sharing Amounts
Last week, the Centers for Medicare & Medicaid Services (CMS) announced changes to premiums, deductibles, and coinsurance amounts for Medicare Part A and Part B. For 2022, the Part B standard monthly premium will be $170.10, up from $148.50 in 2021. The Part B deductible will be $233, a $30 increase, and the Part A deductible will be $1,556 in 2022, a $72 increase. For most people with Medicare, their Part B premium increase will be covered by the 5.9% cost-of-living adjustment (COLA) in their 2022 Social Security benefits. Read more in CMS’s fact sheet on the 2022 Medicare Parts A & B Premiums and Deductibles/2022 Medicare Part D Income-Related Monthly Adjustment Amounts.