Medicare Part B Premiums in 2022

A basic understanding of Medicare helps you get the most out of your health care coverage. The first thing you need to understand is that there are two different parts to Original Medicare: Part A and Part B.

Medicare Part B covers medical services and supplies considered medically necessary to treat your health condition. This includes outpatient services, preventive care, ambulance services, and durable medical equipment.

Some preventive services are also included within Medicare Part B, including a one-time preventive visit, flu, cardiovascular screenings, hepatitis B shots, cancer and diabetes screenings, and other services.

Medicare Part B is an automatic enrollment for some, and others will need to sign up.

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What are Medicare Part B Premiums?

Medicare Part B premiums change from one year to the next, and the monthly premium varies based on your income and personal circumstances. 

Your Part B premium will be deducted automatically from your benefit payment if you receive benefits from Social Security, Railroad Retirement Board, or Office of Personnel Management. 

If you don’t receive benefit payments, you’ll receive the bill.

How Much Does Part B Cost in 2022?

Medicare Part B uses your tax return from two years earlier to determine the monthly premium you will pay. 

The standard Part B premium amount in 2021 was $148.50. Unless your individual income exceeded $88,000 or your joint income was more than $176,000, you will pay this monthly premium. Whether you choose a Medicare Advantage plan or go with Original Medicare, both will come with a premium for Part B.

According to the Philadelphia Inquirer, “Both types of plans have a premium for Part B (doctor’s services), about $158 a month for most people in 2022, and a deductible, which is expected to be $217 in 2022.”

Part B Premiums in 2021

Beneficiaries who file

individual tax returns with income:

Beneficiaries who file

joint tax returns with income:

Income-related monthly adjustment amount Total monthly premium amount
Less than or equal to $88,000 Less than or equal to $176,000 $0.00 $148.50
Greater than $88,000 and less than or equal to $111,000 Greater than $176,000 and less than or equal to $222,000 59.40 207.90
Greater than $111,000 and less than or equal to $138,000 Greater than $222,000 and less than or equal to $276,000 148.50 297.00
Greater than  $138,000 and less than or equal to $165,000 Greater than $276,000 and less than or equal to $330,000 237.60 386.10
Greater than $165,000 and less than $500,000 Greater than $330,000 and less than $750,000 326.70 475.20
Greater than or equal to $500,000 Greater than or equal to $750,000 356.40 504.90

(source)

Part B Deductible & Coinsurance

The deductible is the amount of money you will need to pay in out-of-pocket costs before the plan starts coverage. For example, in 2022, the yearly deductible for Medicare Part B is $198, and coinsurance of 20% for several covered services.

How much you will pay for Part B-covered services depends if you visit a participating or non-participating provider. 

Participating providers (physicians or healthcare professionals) accept Medicare’s approved amount for a service, and you will be responsible for the Part B deductible along with 20% of the approved amount.

Some providers, however, do not accept Medicare’s approved amount. These non-participating providers did not sign an agreement with Medicare and can charge up to 15% more than Medicare’s approved amount, meaning you’d be responsible for the 20% coinsurance plus 15%.

“Under Original Medicare, if the Part B deductible ($203 in 2021) applies, you must pay all costs (up to the Medicare-approved amount) until you meet the yearly Part B deductible. After you meet your deductible, Medicare begins to pay its share and you typically pay 20% of the Medicare-approved amount of the service (if the doctor or other health care provider accepts assignment). There’s no yearly limit on what you pay out-of-pocket. There may be limits on expenses you pay through supplemental coverage you may have, like Medigap, Medicaid, or employer or union coverage.”Medicare and You Handbook 2022

Ways to Pay Medicare Part B Premiums

  1. Log in to your secure MyMedicare.gov account and pay online using a credit or debit card. 
  2. Sign up for Medicare Easy Pay, a service that automatically deducts your premium payments from your savings or checking account each month. 
  3. Mail your payment to Medicare by check, money order, credit card, or debit card. 

Fill in the Medicare payment coupon and post to:

Medicare Premium Collection Center

PO Box 790355

St. Louis, MO 63179-0355

Need Extra Help Paying Medicare Part B Premiums?

If you have limited income and assets, you may qualify for financial assistance to help pay Medicare Part B premiums. The Medicare Savings Program provides three different programs that can help you cover your Medicare Part B costs.

To qualify, the requirements for the three programs are as follows:

Qualified Medicare Beneficiary (QMB):

  • Individual monthly income limit $1,060
  • Married couple monthly income limit $1,430
  • Individual resource limit $7,730
  • Married couple resource limit $11,600

(source)

Specified Low-Income Medicare Beneficiary (SLMB):

  • Individual monthly income limit* $1,308
  • Married couple monthly income limit* $1,762
  • Individual resource limit $7,970
  • Married couple resource limit $11,960

(source)

Qualified Individual (QL):

  • Individual monthly income limit* $1,469
  • Married couple monthly income limit* $1,980
  • Individual resource limit $7,970
  • Married couple resource limit $11,960

(source)

*Limits are slightly higher in Alaska and Hawaii. If you have income from working, you may qualify for benefits even if your income is higher than the limits listed.

Are Medicare Part B Premiums Tax-Deductible?

Many types of medical expenses are tax-deductible. For example, under the U.S. tax code, you can deduct Medicare expenses (including premiums) that exceed a certain percentage of your income.

If you have any questions about the Medicare Part B premiums you can expect to pay and your eligibility for financial assistance, speak to one of our licensed agents today. Our agents will discuss your Medicare options and help find a plan that works for you.

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