One of the biggest costs in retirement is healthcare, and unfortunately, it doesn’t look like that will be changing any time soon. The Centers for Medicare & Medicaid Services (CMS) recently announced Medicare Part B premiums for the upcoming year, and premiums will rise from $148.50 a month in 2021 to $170.10 per month in 2022—an increase of 14.5%.

CMS also announced that income-based surcharges for high earners will also be increasing, and the wealthiest senior couples can expect to pay nearly $14,000 in Medicare Part B premiums next year. This Forbes article outlines the most significant changes to Medicare Part B pricing and explains what it could mean for your retirement costs.

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