The Centers for Medicare & Medicaid Services (“CMS”) has announced the 2022 premiums, deductibles and coinsurance amounts for the Medicare Part A and Part B programs.
Medicare Part A covers inpatient hospital, skilled nursing facility, hospice, inpatient rehabilitation, and some home health care services. Medicare Part B covers physician services, outpatient hospital services, certain home health services, durable medical equipment, and certain other medical and health services not covered by Medicare Part A.
The Medicare Part A deductible for inpatient hospital expenses will be $1,556 in 2022, an increase of $72 from $1,484 in 2021. The Part A inpatient hospital deductible covers beneficiaries’ share of costs for the first 60 days of Medicare-covered inpatient hospital care in a benefit period. For the 61st through 90th day of hospitalization, the coinsurance cost for beneficiaries will be $389 per day (up from $371 in 2021), while hospital stays over 90 days will cost $778 per day (up from $742 per day in 2021). Daily coinsurance for the 21st to 100th day in a skilled nursing facility will cost beneficiaries $194.50 in 2022 (up from $185.50 in 2021).
The standard Medicare Part B monthly premium for 2022 will, for most individuals, be $170.10 (an increase of $21.60 from $148.50 in 2021). As required by the Medicare Modernization Act, single beneficiaries with incomes over $91,000 and married couples with incomes of over $182,000 will pay a higher Part B premium, based on a sliding scale.
The annual deductible for all Medicare Part B beneficiaries is $233 in 2022, an increase of $30 from the annual deductible of $203 in 2021.