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What is the medicare deductible for 2022?

Each Medicare plan is costing more in 2022, meaning you will need to pay a greater deductible before you can access the care you need.

A hospital
María José LópezEuropa Press

The announced increase in the price of Medicare deductibles is here, and it's not good news for those already under pressure from the cost of living squeeze.

The deductibles for Part A and Part B are both increasing, as well as a whole host of other aspects of Medicare. This refers to the amount someone is expected to pay before their Medicare coverage helps them. The higher it is, the more you have to pay.

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Increases to Medicare Part A

The full Medicare A premium will rise by nearly five percent, or $28, to $499 a month in 2022. This will affect those with fewer than 30 quarters of coverage and certain individuals with disabilities who have exhausted other entitlement.

In 2022, beneficiaries who are admitted to hospital will pay $1,556 inpatient hospital deductible for their share of costs for the first 60 days under Medicare Part A. This is an increase of $72 from $1,484 in 2021.

Increases to Medicare Part B

Medicare Part B coverage is for medical and health services, such as outpatient and home care, as well as durable medical equipment not covered under Medicare Part A. Over 90 percent of Medicare beneficiaries had Part B coverage in 2019.

Those enrolled in Medicare Part B will see a $30 increase for 2022 in their annual deductible, jumping to $233, that beneficiaries will have to pay before coverage kicks in. The standard monthly premium will increase $21.60 to $170.10 for 2022, a 14.5 percent increase in both cases.

The premiums beneficiaries pay are taken out of monthly Social Security payments with the majority paying the standard rate. Due to the historic rise in the COLA for 2022, people will now be paying 10.6 percent of their Social Security benefit this year toward the part B premium, compared to 9.8 percent in 2021.

What is behind the increase in the price of deductibles?

The jump in monthly premiums comes after a year where premiums had only a $3 per month increase in 2021. This was due to congressional action taken in 2020 to keep premiums down in light of the covid-19 pandemic. However, that measure has now expired and the CMS must begin to pay back the difference.

Furthermore, in one year alone, the Consumer Price Index (CPI) jumped by 7.5 percent, the largest yearly increase since 1982. This has meant the COLA has had to match it, with the average Social Security payment has increased to $1,657 a month, up from $1,565 last year. Medicare increases reflect this increasing size of the benefit.


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