Update: Valuable Information to make you aware of the 2022 Changes in Medicare

 On November 12, 2021, the Centers for Medicare & Medicaid Services (CMS) released the 2022 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2022 Medicare Part D income-related monthly adjustment amounts.

 2022 Medicare Parts A & B Premiums and Deductibles

Medicare Part A Premium and Deductible

Medicare Part A covers inpatient hospitals, skilled nursing facilities, hospice, inpatient rehabilitation, and some home health care services. About 99 percent of Medicare beneficiaries do not have a Part A premium since they have at least 40 quarters of Medicare-covered employment.

 The Medicare Part A inpatient hospital deductible that beneficiaries pay if admitted to the hospital will be $1,556 in 2022, an increase of $72 from $1,484 in 2021.

 The Part A inpatient hospital deductible covers beneficiaries’ share of costs for the first 60 days of Medicare-covered inpatient hospital care in a benefit period.

 In 2022, beneficiaries must pay a coinsurance amount of $389 per day for the

61st through 90th day of a hospitalization ($371 in 2021) in a benefit period and $778 per day for lifetime reserve days ($742 in 2021).

 For beneficiaries in skilled nursing facilities, the daily coinsurance for days 21 through 100 of extended care services in a benefit period will be $194.50 in 2022 ($185.50 in 2021).

 Part A Deductible and Coinsurance Amounts for Calendar Years 2021 and 2022

by Type of Cost Sharing

2021                 2022

Inpatient hospital deductible                                                     $1,484              $1,556

Daily coinsurance  for  61si-90ih Day

$371

$389

 

Daily coinsurance for  lifetime reserve days

$742

$778

 

Skilled Nursing Facility coinsurance

$185.50

$194.50

Enrollees age 65 and over who have fewer than 40 quarters of coverage and certain persons with disabilities pay a monthly premium in order to voluntarily enroll in Medicare Part A.

 Individuals who had at least 30 quarters of coverage or were married to someone with at least 30 quarters of coverage may buy into Part A at a reduced monthly premium rate, which will be $274 in 2022, a $15 increase from 2021.

 Certain uninsured aged individuals who have less than 30 quarters of coverage and certain individuals with disabilities who have exhausted other entitlement will pay the full premium, which will be $499 a month in 2022, a $28 increase from 2021.

 Medicare Part B Premium and Deductible

 Medicare Part B covers physician services, outpatient hospital services, certain home health services, durable medical equipment, and certain other medical and health services not covered by Medicare Part A.

 Each year the Medicare Part B premium, deductible, and coinsurance rates are determined according to the Social Security Act.

 The standard monthly premium for Medicare Part B enrollees will be $170.10 for 2022, an increase of $21.60 from $148.50 in 2021.

 The annual deductible for all Medicare Part B beneficiaries is $233 in 2022, an increase of $30 from the annual deductible of $203 in 2021.

2022 Medicare Part D Income-Related Monthly Adjustment Amounts

Medicare Part B Income-Related Monthly Adjustment Amounts

Since 2007, a beneficiary’s Part B monthly premium is based on his or her income. These income-related monthly adjustment amounts affect roughly 7 percent of people with Medicare Part B. The 2022 Part B total premiums for high-income beneficiaries are shown in the following table:

 Beneficiaries who file individual tax returns

Beneficiaries who file      Income-related

Total

with modified                      joint tax returns with      monthly                    monthly

adjusted gross                   modified adjusted           adjustment              premium

income:

gross income:                   amount                     amount

 Less than or equal to       Less than or equal to

$91,000                    $182,000

$0.00                        $170.10

Greater than $91,000 and less than or equal to $1 14,000

Greater than

$182,000 and less than or equal to

$228,000

68.00                         238.10

Greater than                        Greater than

$114,000 and less             $228,000 and less than or equal to            than or equal to

$142,000                  $284,000

Greater than                        Greater than

$142,000 and less             $284,000 and less than or equal to           

than or equal to

$170,000                 $340,000

1 70.10                       340.20

272.20                      442.30

Greater than                        Greater than

$170,000 and less             $340,000 and less          

374.20                      544.30

than $500,000                   than $750,000

Greater than or equal to $500,000

Greater than or equal to $750,000

408.20                        578.30

Premiums for high-income beneficiaries who are married and lived with their spouse at any time during the taxable year, but file a separate return, are as follows:

Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses, with modified adjusted gross income:

Income-related          Total monthly   monthly

adjustment                 premium

amount                        amount

Less than or equal to $91,000                                $0.00                             $170.10

 Greater than $91,000 and less than

$409,000

374.20                          544.30

Greater than or equal to $409,000                        408.20                           578.30