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CMS releases 2022 Medicare Part A and B values

CMS releases 2022 Medicare Part A and B values

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CMS has announced the 2022 Medicare Part A and B premium, deductible and coinsurance amounts. As in prior years, there are increases in these amounts. The 2022 Medicare Part D parameters were released earlier this year. (See our February 11, 2021 FYI.)

Download this FYI Alert as a printable PDF.

Medicare Part A

On November 12, the Centers for Medicare & Medicaid Services (CMS) released the Medicare Part A premium and the deductible and coinsurance amounts for 2022. It also provided a fact sheet with additional information.

Premiums

Almost all Medicare beneficiaries do not pay a Part A premium because they have at least 40 quarters of Medicare-covered employment. For those individuals who pay a premium, the Medicare Part A premiums for the 12-month period beginning on January 1, 2022 are as follows:

Premium type 2022 2021 Change
Premium to purchase coverage for individuals not otherwise eligible for Medicare Part A and certain disabled individuals $499 $471 5.9%
Premium for certain individuals entitled to a reduced monthly premium (who had at least 30 quarters or were married to someone with at least 30 quarters of Medicare-covered employment) $274 $259 5.8%

Deductible and coinsurance amounts

The Medicare Part A deductible and coinsurance amounts for the 12-month period beginning on January 1, 2022 are as follows:

Deductible and coinsurance type 2022 2021 Change
Deductible for up to 60 days of Medicare-covered inpatient hospital care $1,556 $1,484 4.9%
Daily coinsurance for 61st through 90th day of hospitalization $389 $371 4.9%
Daily coinsurance for lifetime reserve days $778 $742 4.9%
Daily coinsurance for 21st through 100th day of extended care services in skilled nursing facility $194.50 $185.50 4.9%

Medicare Part B

CMS also released a notice that sets out the Medicare Part B monthly premium rates and annual deductible amounts for 2022.

The standard monthly premiums for Medicare Part B for 2022 are as follows:

Premium type 2022 2021 Change
Standard monthly premium $170.10 $148.50 14.5%

Some Part B enrollees benefit from a “hold harmless” provision that protects them from any increase in Part B premiums (typically deducted from social security checks) that would effectively reduce their monthly social security payments.

The following individuals are not protected by the “hold harmless” provision:

  • New Medicare enrollees in 2022
  • Higher income Medicare beneficiaries
  • Medicare beneficiaries dually eligible for Medicare and Medicaid
  • Medicare Part B enrollees not receiving social security benefits

The 2022 Medicare Part B monthly premiums based on income tax filing status and income are as follows:

Individual filing status

Married filing jointly status

2022 monthly premium 2021 monthly premium

Change

Income up to $91,000 Income up to $182,000

$170.10

$148.50

14.5%

$91,001 – $114,000 $182,001 – $228,000

$238.10

$207.90

14.5%

$114,001 – $142,000 $228,001 – $284,000

$340.20

$297.00

14.5%

$142,001 – $170,000 $284,001 – $340,000

$442.30

$386.10

14.6%

$170,001 – $499,999 $340,001 – $749,999

$544.30

$475.20

14.5%

$500,000 or more $750,000 or more

$578.30

$504.90

14.5%

 

Married filing separately, lived with spouse during tax year* 2022 monthly premium 2021 monthly premium Change
Income up to $91,000 $170.10 $148.50 14.5%
$91,001 – $408,999 $544.30 $475.20 14.5%
$409,000 or more $578.30 $504.90 14.5%

*Income ranges for 2021 and 2022 differ.

Finally, the Medicare Part B annual deductible for the 12-month period beginning on January 1, 2022 is as follows:

Deductible type 2022 2021 Change
Medicare Part B $233 $203 14.8%

Volume 44 | Issue 42