Medicare Announces 2022 Premium Increase
Medicare has announced the standard monthly premium for Medicare Part B enrollees will be $170.10 in 2022, an increase of $21.60 from $148.50 in 2021.
According to the Centers for Medicare and Medicaid Services, the increase is based in part on spending trends driven by COVID-19 and prior congressional action that limited the 2021 monthly premium increase during the pandemic.
It also reflects the need to maintain a contingency reserve for unanticipated health care spending increases, particularly certain drug costs.
Most Americans’ Part B premium is automatically deducted from their monthly Social Security benefit. If you pay using Social Security’s Easy Pay program, your payment will be automatically adjusted.
However, if you pay your premium from your checking or savings account using an online banking service, you will need to adjust your payment amount to $170.10 before the January payment.
If you have questions, please call Social Security, which handles Medicare’s billing, at 1-800-722-1213.