Happy New Year!  As I do every new year, I wanted to post the key, new Medicare numbers that will be in effect for 2022.   These are the key changes to Medicare’s premiums and coverages. 

• Part A deductible – Will be $1556 up from $1484 (per 60 day Benefit Stay)
• Part B Deductible – Will be $233 up from $203 (Annual deductible)
• Part B Premium – Will be $170.10 up from $148.50
• Part D Maximum Deductible – Will be $480 up from $445 (Some plans don’t have a deductible and most have a “hybrid” deductible.)
• Part D Premium National Average – Will be $33.37 up from $33.06 (Is used to determine Part D Penalty)

As mentioned last month, the Part B premium increase was more than expected but still less than the Social Security Cola increase.

Feel free to contact me if you have any questions or need assistance with selecting a Medicare Plan.  I don’t charge any fees nor increase your cost.

Based in the Richmond, Va area, David Higgs of Choices In Medicare specializes in helping seniors transition to Medicare.  He can be reached at email:  David@ChoicesInMedicare.com or go to website:  www.ChoicesInMedicare.com