Medicare Raising Consumer Out-Of-Pocket Costs For 2022

The Centers for Medicare & Medicaid Services (CMS) is raising Medicare Part A inpatient hospital deductibles and coinsurance by 4.9%, and Medicare Part B premiums, deductibles, and coinsurance costs by 14.5%. Medicare Part A inpatient hospital deductibles will rise by 4.9%, from $1,484 in 2021 to $1,556 in 2022. The deductible covers the covers beneficiaries’ share of costs for the first 60 days of Medicare-covered inpatient hospital care in a benefit period. For longer stays, beneficiaries are charged daily coinsurance payment, which is also rising by 4.9%. The monthly Part B premium is . . .