4 Reasons Medicare Might Cost More Than Expected in 2022
If you rely on Medicare for health coverage, you're in good company. But here's something that's far from good -- you could be in line for some hefty costs come 2022. Here are a few reasons why you may be looking at spending more money on healthcare next year.
Though Medicare Part A, which covers hospital care, is available at no cost to most enrollees, there's a premium associated with Part B that changes from year to year. This year, that standard premium costs $148.50 a month. Next year, it's rising to $170.10. That's an increase of nearly $30 -- one that will eat heavily into seniors' expected Social Security raise.
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Source Fool.com