Some Seniors Will Pay $578 a Month for Medicare in 2022. Will You Be 1 of Them?
It's a common misconception that Medicare enrollees don't pay for that coverage. While Part A, which covers hospital care, is free for most seniors, Part B, which covers outpatient and diagnostic services, comes with a monthly premium that can rise from year to year.
In 2022, the standard monthly Part B premium will increase from $148.50 to $170.10. But some enrollees could end up paying quite a bit more for their Medicare coverage. In fact, Part B could end up costing higher earners up to $578 a month.
The cost of Medicare Part B hinges on what your earnings look like. If you're a low or moderate earner, you'll pay the standard premium that enrollees are charged. But once your earnings exceed a certain threshold, you'll be subject to an Income Related Monthly Adjustment Amount (IRMAA) that raises your costs.
Source Fool.com
