2022 Medicare Part B Premiums Rising Sharply

The 2022 Medicare Part B premiums are increasing significantly. Here is what you can expect to pay.

The 2022 Medicare Part B premiums have been announced, and federal retirees can get ready to pay considerably more next year.

The 2022 standard Part B premium amount is $170.10. That’s almost 15% higher than the 2021 standard premium amount of $148.50.

Most people pay the standard Part B premium amount. If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you’ll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to the Medicare premiums if you make over a certain amount of money. You can see its impact on the 2022 Medicare Part B premiums in the table below.

The 2022 Medicare Part B annual deductible is $233. Again, this is almost 15% higher than the 2021 annual deducible ($203).

2022 Medicare Part B Premiums

If your yearly income in 2020 (for what you pay in 2022) was:You pay each month (in 2022):
File individual tax returnFile joint tax returnFile married & separate tax return
$91,000 or less$182,000 or less$91,000 or less$170.10
above $91,000 up to $114,000above $182,000 up to $228,000Not applicable$238.10
above $114,000 up to $142,000above $228,000 up to $284,000Not applicable$340.20
above $142,000 up to $170,000above $284,000 up to $340,000Not applicable$442.30
above $170,000 and less than $500,000above $340,000 and less than $750,000above $91,000 and less than $409,000$544.30
$500,000 or above$750,000 or above$409,000 or above$578.30

Medicare Part B Deductible and Coinsurance

The Part B deductible for 2022 is $233. After you meet your deductible for the year, you typically pay 20% of the Medicare-Approved Amount.

In Original Medicare, this is the amount a doctor or supplier that accepts assignment can be paid. It may be less than the actual amount a doctor or supplier charges. Medicare pays part of this amount and you’re responsible for the difference for these:

  • Most doctor services (including most doctor services while you’re a hospital inpatient)
  • Outpatient therapy
  • Durable Medical Equipment

What Does Medicare Part B Cover?

Medicare Part B covers two types of services:

  • Medically necessary services: Services or supplies that are needed to diagnose or treat your medical condition and that meet accepted standards of medical practice.
  • Preventive servicesHealth care to prevent illness (like the flu) or detect it at an early stage, when treatment is most likely to work best.

Other Medicare Resources

For additional information about Medicare as well as how it works with the Federal Employees Health Benefits program (FEHB), be sure to check out these articles:

About the Author

Ian Smith is one of the co-founders of FedSmith.com. He has over 20 years of combined experience in media and government services, having worked at two government contracting firms and an online news and web development company prior to his current role at FedSmith.