Medicare Part B Premiums Are Going Up. What Does That Mean For You?

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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