Medicare costs for 2022 will go up substantially.
On November 12, 2021, the Centers for Medicare & Medicaid Services (CMS) announced that the Medicare Part B premium for outpatient care coverage will increase from $148.50 to $170.10 for 2022, a jump of 14.5%.
The deductible for Part B will increase 14.8% from $203 to $233 for 2022.
Medicare Part B premium, deductible, and coinsurance rates are set each year according to guidlines set by the Social Security Act. According to the CMS, the substantial increases for 2022 are due to various factors, including:
increased healthcare costs and greater utilization of the healthcare system, plus anticipated increases in the intensity of care provided.
An attempt to make up ground caused by Congressional action that only increased the Part B premium by $3 for 2021.
Additional contingency reserves due to the uncertainty regarding the potential use of the Alzheimer’s drug, Aduhelm™, by people with Medicare.
