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Medicare Part B Premium for 2022


Original Medicare is made up of two parts, Medicare Part A which covers inpatient services and Medicare Part B for outpatient coverage.

For many, Medicare Part A has a zero-dollar premium if you have worked the required number of years in the U.S. paying Medicare tax. On the other hand, Medicare Part B has a premium for all enrollees, regardless of how long they have worked in the U.S.

Below, we will be reviewing the Medicare Part B premium for 2022.

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Medicare Part B Premium in 2022

Each year the Medicare Part B premium amount changes to reflect inflation and the economic status of the U.S. The standard Medicare Part B premium in 2022 is $170.10 per month and can be as high as $578.30 a month for high-earning beneficiaries. The standard Medicare Part B Premium in 2022 is $21.60 higher than the previous year.

If your income falls above a certain threshold, you will be subject to paying an Income-Related Monthly Adjustment Amount. This is an additional charge on top of the standard monthly Medicare Part B premium to balance the cost between high and lower-earning beneficiaries.

You will pay the standard Medicare Part B premium in 2022 regardless of income if:

  • You enroll in Medicare Part B for the first time in 2022
  • You are billed directly for your Medicare Part B premium
  • You do not receive Social Security benefits
  • You have Medicare and Medicaid (Medicaid must pay your premium)

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Medicare Income-Related Monthly Adjustment Amount

The Medicare Income Related Monthly Adjustment Amount (IRMAA) is a Medicare Part B premium surcharge for higher-income beneficiaries. This only impacts individuals with an income of more than $91,000 or couples filing jointly with an income above $182,000.

IRMAA is calculated based on your income tax return from two years prior. Thus, your 2022 IRMAA would be based on your 2020 tax return. However, if you experience a drastic decrease in income within those two years, you can file an appeal to have your IRMAA determination reviewed and possibly overturned.

Below is the IRMAA determination chart for the Medicare Part B Premium in 2022.

2020 annual income: Individual 2020 annual income: Filing Jointly 2020 annual income: Filing separately Medicare Part B Premium 2022 Medicare Part D Premium 2022
$0 – $91,000 $0 – $182,000 $0 – $91,000 $170.10 Plan Premium
$91,001 – $114,000 $182,001 – $228,000 $238.10 Plan Premium + $12.40
$114,001 – $170,000 $228,001 – $284,000 $340.20 Plan Premium + $34.10
$142,001 – $170,000 $284,001 – $340,000 $442.30 Plan Premium + $51.70
$170,001 – $500,000 $340,001 – $750,000 $91,001- $409,000 $544.30 Plan Premium + $71.30
> $500,001 + $750,001 + $409,001 + $587.30 Plan Premium + $77.90

How Do I Pay the Medicare Part B Premium in 2022?

If you receive benefits from Social Security, Railroad Retirement Board, or the Office of Personnel Management, then your premium for Medicare Part B is automatically deducted from your monthly benefit check.

If you are enrolled in Medicare Part B but are not collecting benefits, you will receive a quarterly bill for your Medicare Part B premium in 2022. You can either pay this directly to Medicare from your bank or have the Medicare Part B premium deducted from an annuity.

You can pay directly from a bank account by utilizing your online bill payment service through MyMedicare. However, if you are not comfortable with that you can pay by check, money order, credit card, or debit card.

You can do this by simply sending the payment to:
Medicare Premium Collection Center. PO Box 790355. St. Louis, MO 63179-0355

If the credit or debit card you use only has a month and year, leave the day field blank on the payment coupon. You must submit payments with the completed form to the address above. Any incomplete payment forms will not be processed.

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Medicare Part B Premium FAQs

Can I get help paying my Medicare Part B premium?
Those with limited income or resources could qualify for a Medicare Savings Program to help cover the premium and out-of-pocket costs.
Does the Medicare Part B premium change every year based on income?
Medicare premiums are calculated based on your modified adjusted gross income from two years prior. Thus, your premium can change if you receive a change in income.
Does everyone pay the same for Medicare Part B?
No, each beneficiary will pay a Medicare Part B premium that is based on their income.
Do you pay the Medicare Part B premium with Medicare Advantage?
You must still pay your Medicare Part B premium, even when you enroll in a Medicare Advantage plan. When you see so-called zero-premium Medicare Advantage plans, know you are still responsible for your Medicare Part B premium.
What is the standard Medicare Part B Premium for 2022?
The standard Medicare Part B premium for 2022 is $170.10.
What if your Medicare premium payment is late?
Medicare will send you a second bill to remind you to pay your premium. If you avoid paying the premium by the due date of the second bill, you will then receive a delinquent bill. If you avoid paying the delinquent bill, you will lose your Medicare coverage.

How to Get Help Paying Cost-Sharing Under Part B

There are many out-of-pocket costs left for the beneficiary to pay when it comes to Medicare Part A and Part B. Supplemental Medicare plans help pay these out-of-pocket costs such as coinsurance and deductibles so you don’t have to.

At MedicareFAQ, our licensed agents are Medicare experts who can help you enroll in a Medicare plan that will help you pay for most, if not all, of your Original Medicare cost-sharing. Give us a call, or complete our rate comparison form to see what options are available in your area now.

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Sources:

MedicareFAQ is dedicated to providing you with authentic and trustworthy Medicare information. We have strict sourcing guidelines and work diligently to serve our readers with accurate and up-to-date content.

  1. Medicare Part B Premiums, RRB. Accessed May 2022.
    https://www.rrb.gov/Newsroom/NewsReleases/MedicarePartBPremiums
  2. IRMAA, CMS . Accessed May 2022.
    https://www.cms.gov/newsroom/fact-sheets/2022-medicare-parts-b-premiums-and-deductibles2022-medicare-part-d-income-related-monthly-adjustment
  3. Medicare Costs, Medicare. Accessed May 2022.
    https://www.medicare.gov/Pubs/pdf/11579-medicare-costs.pdf
  4. Part B Costs, Medicare. Accessed May 2022.
    https://www.medicare.gov/your-medicare-costs/part-b-costs

Jagger Esch

Jagger Esch is the Medicare expert for MedicareFAQ and the founder, president, and CEO of Elite Insurance Partners and MedicareFAQ.com. Since the inception of his first company in 2012, he has been dedicated to helping those eligible for Medicare by providing them with resources to educate themselves on all their Medicare options. He is featured in many publications as well as writes regularly for other expert columns regarding Medicare.

20 thoughts on “Medicare Part B Premium for 2022

    1. Hi Maria! Are you referring to the Part B premium? Assuming you enrolled in Part B already, your premium is currently $135.50. Yes, your Part B premium will increase to $148.50 starting in 2021. If you delayed enrollment without creditable coverage, you could have a late enrollment penalty added on to your monthly premium. However, since you retired less than 12 months ago, you should not have any late penalty at this point. If you wait to enroll in Part B until April 2020 or after, you’ll start incurring that penalty.

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