CMS announces Medicare premiums, deductibles for 2022

The Medicare Part A deductible for inpatient hospital services will increase by $72 in calendar year 2022, to $1,556, the Centers for Medicare & Medicaid Services announced Friday. The Part A daily coinsurance amounts will be $389 for days 61-90 of hospitalization in a benefit period; $778 for lifetime reserve days; and $194.50 for days 21-100 of extended care services in a skilled nursing facility in a benefit period. The monthly Part A premium, paid by beneficiaries who have fewer than 40 quarters of Medicare-covered employment and certain people with disabilities, will increase by $28 in CY 2022 to $499, CMS announced (https://public-inspection.federalregister.gov/2021-25052.pdf). Certain voluntary enrollees eligible for a 45% reduction in the monthly premium will pay $274 in CY 2022. 

The annual deductible for Medicare Part B will increase by $30 in 2022 to $233, while the standard monthly premium for Medicare Part B will increase by $21.60 to $170.10, CMS announced. CMS Administrator Chiquita Brooks-LaSure called the increase in the Part B premium “continued evidence that rising drug costs threaten the affordability and sustainability of the Medicare program.”