New Costs for Original Medicare in 2022

Every year, Medicare updates its costs. To help you budget and prepare for 2022, here’s what you can expect to pay for Original Medicare (Part A and Part B).

Medicare Part A Costs

Medicare Part A covers hospital stays and care. Let’s break down what you’ll pay monthly, for your deductible, and out-of-pocket for all of your benefits in 2022.

Most people aren’t concerned with the Part A premium. Why? Because they aren’t required to pay for it. If you have worked for at least 10 years while paying Social Security taxes, you are eligible for premium-free Part A coverage.

If you haven’t worked for 10 years, your premium is determined by how long you did work. The highest possible premium in 2021 was $471. In 2022, it’s $499. If you enroll late to Part A and have to pay a premium, the premium will increase by 10% every year you’re not enrolled.

Everyone, however, is required to pay a deductible for Part A. Only, however, if they receive care that year. The first time you use your Part A benefits in 2022 is when you’ll pay the deductible. In 2021, the deductible was $1,484. In 2022, it’s $1,556 per benefit period.

While Part A is generally referred to generally as hospital insurance, there are a few specific hospital services with different costs. For instance, you pay $0 out-of-pocket for home health care in 2022, and 20% of the Medicare-approved amount for Durable Medical Equipment (DME).

For hospice care, you’ll also pay $0 in 2022. The deductible, on the other hand, only applies for hospital and mental health inpatient stays. Once that’s paid, you’ll pay $0 for the next 60 days spent in one of these facilities for the remainder of the year. After that, you’ll have to start paying out-of-pocket.

You’re also fully covered up to 20 days each year to stay in a skilled nursing facility. After that, like inpatient care, you’ll have to start paying out-of-pocket.

Medicare Part B Costs

Now onto Part B.

One of the most important updates to Part B is the premium. Unlike Part A, everyone has one. Unless you are eligible for a lower monthly payment or are required to pay above average, everyone also pays the same amount per month. In 2021, the standard monthly premium was $148.50. In 2022, it’s $170.10.

You’ll also have to pay a Part B deductible. In 2021, it was $203. In 2022, it’s $233.

Your Coverage, Your Service—Call Senior Health Solutions

Medicare costs don’t have to be complicated. Let us find your best insurance solution. Call Senior Health Solutions today at (636) 244-4415.

Contact Senior Health Solutions!

With Affordable Healthcare Solutions, you’ll enjoy the best customer experience available in the health insurance industry. Our licensed health insurance agents and knowledgeable customer service representatives’ work with you individually to ensure you make the most of your money. Count on us for professional, unbiased advice.