What Will You Pay for Medicare in 2022? January 11, 2022 Medicare premiums, deductibles, and coinsurance amounts change annually. Here's a look at some of the costs that will apply in 2022 if you're enrolled in Original Medicare Part A and Part B. Medicare Part B premiums According to the Centers for Medicare & Medicaid Services (CMS), most people with Medicare who receive Social Security benefits will pay the standard monthly Part B premium of $170.10 in 2022. People with higher incomes may pay more than the standard premium. If your modified adjusted gross income (MAGI) as reported on your federal income tax return from two years ago (2020) is above a certain amount, you'll pay the standard premium amount and an Income-Related Monthly Adjustment Amount (IRMAA), which is an extra charge added to your premium, as shown in the following table. You filed an individual income tax return with MAGI that was: You filed a joint income tax return with MAGI that was: You filed an income tax return as married filing seperately with MAGI that was: Monthly premium in 2022 including any IRMAA is: $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 N/A $238.10 Above $114,000 up to $142,000 Above $228,000 up to $284,000 N/A $340.20 Above $142,000 up to $170,000 Above $284,000 up to $340,000 N/A $442.30 Above $170,000 and less than $500,000 Above $340,000 and less than $750,000 Above $91,000 and less than $409,000 $544.30 $500,000 and above $750,000 and above $409,000 and above $578.30 Other Medicare costs The following out-of-pocket costs for Original Medicare Part A and Part B apply in 2022: Part A deductible for inpatient hospitalization: $1,556 per benefit period Part A premium for those who need to buy coverage: up to $499 per month (most people don't pay a premium for Medicare Part A) Part A coinsurance: $389 per day for days 61 through 90, and $778 per "lifetime reserve day" after day 90 (up to a 60-day lifetime maximum) Part A skilled nursing facility coinsurance: $194.50 for days 21 through 100 (for each benefit period) Part B annual deductible: $233 Contact our Financial Advisors Non-deposit investment products and services are offered through CUSO Financial Services, LP ("CFS") a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS for investment services. Atria Wealth Solutions, Inc. ("Atria") is a modern wealth management solutions holding company. Atria is not a registered broker-dealer and/or Registered Investment Advisor and does not provide investment advice. Investment advice is only provided through Atria's subsidiaries. CUSO Financial Services, LP is a subsidiary of Atria. Copyright 2006-2022 Broadridge Investor Communication Solutions, Inc. All rights reserved. Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.