2022 Medicare Premium and Deductible Update

The numbers are finally in, and they are definitely higher than was originally projected.

In 2022 the Medicare Part B premium will increase to $170.10/month, a large $20.60/month increase from the current Part B premium of $148.50/month.

The Medicare Part B deductible is going up too. It will be $233/year (up from the current $203 annual deductible). This is the amount that you have to pay first for any Part B medical service before Medicare kicks in.

Medicare had originally projected Part B premiums and deductibles that were much lower than this, so these updated costs will come as a surprise for many seniors on Medicare. 

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