How Much Does Medicare Cost in 2022?

Medicare is a federal health insurance program for people ages 65 and older that helps participants pay for health care services. Medicare comes in two parts, and each part has premiums, deductibles and coinsurance costs that change from year to year.

  • Written By
    Jennifer Schell

    Jennifer Schell

    Financial Writer

    Jennifer Schell is a professional writer focused on demystifying annuities and other financial topics including banking, financial advising and insurance. She is proud to be a member of the National Association for Fixed Annuities (NAFA) as well as the National Association of Insurance and Financial Advisors (NAIFA).

    Read More
  • Edited By
    Savannah Pittle
    Savannah Pittle, senior financial editor for

    Savannah Pittle

    Senior Financial Editor

    Savannah Pittle is an accomplished writer, editor and content marketer. She joined as a financial editor in 2021 and uses her passion for educating readers on complex topics to guide visitors toward the path of financial literacy.

    Read More
  • Financially Reviewed By
    Rubina K. Hossain, CFP®
    Rubina K. Hossain

    Rubina K. Hossain, CFP®

    Client Advisor for MEIRA

    Certified Financial Planner Rubina K. Hossain is chair of the CFP Board's Council of Examinations and past president of the Financial Planning Association. She specializes in preparing and presenting sound holistic financial plans to ensure her clients achieve their goals.

    Read More
  • Updated: August 15, 2023
  • 9 min read time
  • This page features 11 Cited Research Articles
Fact Checked
Fact Checked partners with outside experts to ensure we are providing accurate financial content.

These reviewers are industry leaders and professional writers who regularly contribute to reputable publications such as the Wall Street Journal and The New York Times.

Our expert reviewers review our articles and recommend changes to ensure we are upholding our high standards for accuracy and professionalism.

Our expert reviewers hold advanced degrees and certifications and have years of experience with personal finances, retirement planning and investments.

Why Trust
Why You Can Trust
Content created by and sponsored by our affiliates. has been providing consumers with the tools and knowledge needed to confidently make financial decisions since 2013.

We accept limited advertising on our site to help fund our work, including the use of affiliate links. We may earn a commission when you click on the links at no additional cost to you.

The content and tools created by adhere to strict editorial guidelines to ensure quality and transparency.

Key Takeaways

  • Medicare is a federal health insurance program for people aged 65 years and older and some people with disabilities.
  • People can either enroll in Original Medicare (Part A and Part B) or Medicare Advantage (Part C).
  • Medigap is supplemental insurance that helps pay for medical services that Medicare does not cover.
  • Medicare Part A typically has no premium. The standard premium in 2022 for Part B is $170.10.
  • Medicare Advantage plans, Medicare Part D and Medigap plans are administered by private insurers, so their costs can vary.

How Much Does Medicare Cost?

The federal government provides Original Medicare, which includes Part A (hospital insurance) and Part B (medical insurance). Although Original Medicare presents a more affordable alternative to private health insurance, there are still costs associated with Medicare Parts A and B.

Most people won’t pay a monthly premium for Medicare Part A. That’s because you paid into Medicare during your entire working career via payroll deduction taxes. But if you’ve only paid Medicare taxes for 39 quarters or fewer, your premium could be between $274 and $499 per month in 2022.

There are premiums associated with Medicare Part B for all plan participants. In 2022, the standard Part B premium is $170.10 per month. Those with an adjusted gross income of $91,000 or greater individually or $182,000 or greater jointly will pay incrementally more. The most anyone will pay for their Part B premium is $578.30 per month in 2022.

Medicare Coverage

Medicare Parts A and B collectively cover many health care costs including doctor visits, inpatient care, hospital stays and certain medical treatments. Original Medicare also covers medical equipment, lab tests, hospice care, telehealth and mental health services.

Medicare Part A is also referred to as hospital insurance, as it covers services related to hospitals and limited stays in other inpatient facilities.

Types of Services Covered by Medicare Part A

  • Inpatient hospital care
  • Skilled nursing facility care
  • Nursing home care
  • Home health care
  • Hospice care

Medicare Part B insurance covers a range of outpatient medical services.

Types of Services Covered by Medicare Part B

  • Doctor visits
  • Lab tests
  • Diagnostic screenings
  • Medical equipment
  • Ambulance transportation
  • Mental health services

But there are certain costs not covered by Original Medicare. These include costs for dental care, vision care and prescription drugs. Private plans from Medicare Advantage providers, though, do typically offer coverage for these costs.

The most significant potential expense not covered by Medicare is long-term care, or custodial care. Long-term care costs include those for help with everyday activities like bathing, dressing, using the toilet, eating and moving around. Costs for additional services like meal deliveries, adult day care and transportation services also fall under long-term care. If you think you may need long-term care in the future, don’t plan to rely on Medicare. Instead, consider a separate long-term care insurance policy.

Medicare Eligibility

Most Americans become eligible for Medicare as they approach retirement and their 65th birthday. Information from the U.S. Centers for Medicare & Medicaid Services arrives in the mail, and decisions need to be made within a certain time frame to avoid costly penalties.

The government automatically enrolls you in both Medicare Part A and Part B if you are already receiving Social Security benefits when you turn 65. Therefore, if you’re already claiming Social Security, enrollment might be as simple as opening your mail and placing your new Medicare card in your wallet.

If you aren’t collecting Social Security at age 65, you have a seven-month initial enrollment window to enroll in Medicare. This window opens three months before you turn 65 and closes three months after the last day of your birth month. It’s important to act quickly, otherwise, you could face delays and significant late enrollment penalties.

People receiving disability benefits for two years are also automatically enrolled in Medicare. Patients diagnosed with end-stage renal disease or amyotrophic lateral sclerosis (also known as ALS and Lou Gehrig’s disease) are immediately eligible for Medicare without the two-year disability waiting period.

Medicare Enrollment Periods

If you miss your initial enrollment period and are not eligible for a special enrollment period, Medicare general enrollment happens every year between Jan. 1 and March 31. This is your opportunity to sign up for Parts A and B for the first time.

Current beneficiaries don’t need to sign up for Medicare each year. However, you do have the opportunity to review your coverage and make certain plan changes annually.

The Medicare open enrollment period runs every year from Oct. 15 to Dec. 7. During this time, you have options like switching from Original Medicare to Medicare Advantage (and vice versa), switching to a new supplement insurance policy or joining a Part D drug plan. Changes made during this period are effective on Jan. 1 of the following year.

Medicare Advantage open enrollment runs annually from Jan. 1 to March 31. During this time, you may only make one change and you are limited to certain options, including switching between Medicare Advantage plans or moving from Medicare Advantage to Original Medicare.

There are also special enrollment periods that certain life events, like moving or losing your current coverage, may qualify you for. You can review your full options on the Medicare website.

How Much Does Medicare Part A Cost in 2022?

Besides the premium, Medicare Part A participants pay deductibles and coinsurance to cover things like hospital stays and home medical equipment.

As of 2022, the Medicare Part A deductible is $1,556 per benefit period. After reaching this deductible, Medicare covers costs for hospital stays shorter than 60 days. For inpatient stays longer than 60 days, you’ll also pay coinsurance. The amount you’ll pay increases with the length of the stay.

For days 61-90, you’ll pay $389 per day in coinsurance. For stays beyond 90 days, the coinsurance cost is $778 per day up to a maximum of 60 reserve days over your lifetime. When the lifetime reserve days have been exhausted, you’ll be responsible for all costs associated with an inpatient stay.


How Much Does Medicare Part B Cost in 2022?

How much you’ll pay for your Medicare Part B premium depends on your adjusted gross income. The higher your income, the higher your premium will be.


Medicare Part B has an annual deductible of $233 in 2022. After you meet the deductible, you’ll pay only 20% of the Medicare-approved amount for covered services.

How Much Does Medicare Advantage Cost in 2022?

Medicare Advantage bundles aspects of Original Medicare Part A and B, usually along with Part D drug coverage. Instead of managing three separate plans, a private insurance company provides you with a single plan.

While Original Medicare is completely administered through the government, Medicare Advantage involves private insurance companies approved by Medicare. The private carrier receives payments from the Medicare program to cover your costs.

Because private insurers administer Medicare Advantage plans rather than the government, the premiums, deductibles and coinsurance can vary from plan to plan. The cost of a Medicare Advantage plan is determined by a number of factors:

Medicare Advantage Plan Cost Factors

  • Whether you have Medicaid or other state assistance
  • Whether the plan charges a premium (some plans do not)
  • Whether the plan includes your Part B premium
  • Whether the plan has a deductible and how much it is
  • Whether the plan charges for extra benefits
  • Added costs for visiting out-of-network providers
  • The type of plan you have and whether your health care provider accepts it
  • The annual out-of-pocket costs limit the plan sets
  • The amount of your coinsurance or copays
  • How often you use the plan’s health services
  • The type of health services you use

How Much Does Medicare Part D Cost in 2022?

Part D covers prescription drugs. If you’re enrolled in Original Medicare, you must purchase Part D coverage separately to cover prescription drug costs. Many Medicare Advantage plans include some Part D coverage.

Medicare Part D costs vary depending on your medications, your plan and your pharmacy. High-income households pay more for Part D coverage. According to the U.S. Centers for Medicare and Medicaid Services, the average basic monthly premium for Medicare Part D coverage is about $33 in 2022.

Your Part D coverage may also include a deductible. In 2022, the deductible for Medicare Part D coverage cannot be more than $480.

It’s important to maintain continuous drug coverage from the time you’re first eligible in order to avoid higher fees when you ultimately enroll or re-enroll.

Talk to your doctor if your drug costs are higher than they were last year. There may be a less expensive drug available and knowing your options could save out-of-pocket expenses throughout the year.

How Much Does Supplemental Insurance Cost in 2022?

Original Medicare at its best still suffers coverage gaps or deductibles the average recipient may struggle to afford. Some common services, such as dental care, glasses and hearing aids, aren’t covered at all.

Some people opt to purchase a supplemental plan called Medigap. This supplemental insurance is private insurance that bridges Medicare coverage gaps. It can help cover copays, coinsurance, deductibles and extended hospital visits. Some plans also cover health care costs outside the U.S.

Several factors can influence the cost of a Medigap policy. Each insurance company sets premiums based on the type of plan, your geographic area and different pricing models. For example, some plans are priced differently depending on your age, while others are not.

The cost of Medigap plans in 2022 ranges from $58 a month for a plan with fewer benefits to $411 a month for a more comprehensive plan.

Frequently Asked Questions About Medicare Costs

How much does Medicare cost at age 65?

The cost of Medicare at age 65 will depend on which type of coverage you choose. With Original Medicare, you’ll likely pay no premium for Part A and a standard monthly premium of $170.10 for Part B.

How much does Medicare cost if you are still working?

If you’re still working when you become eligible for Medicare, you can choose to stick with your employer’s health insurance and delay signing up for Medicare. However, you can also choose to sign up for Part A, which is free for most people, while keeping your employer’s insurance.

How much does Medicare cost for a married couple?

Medicare Part B premiums are determined by the income reported on your tax return. If you’re married and filing jointly, you and your spouse’s premiums will be based on your joint income. Households with joint incomes of less than $182,000 will pay the standard premium of $170.10 per month.

Please seek the advice of a qualified professional before making financial decisions.
Last Modified: August 15, 2023