Medicare Premiums

Medicare premiums are monthly fees beneficiaries pay for their Medicare coverage. In 2022, the Medicare Part B standard premium is $170.10 a month. Most people pay no premiums for Medicare Part A, while premiums for Medicare Part D drug coverage and Medicare Advantage plans vary.

Terry Turner, writer and researcher for RetireGuide
  • Written by
    Terry Turner

    Terry Turner

    Senior Financial Writer and Financial Wellness Facilitator

    Terry Turner has more than 30 years of journalism experience, including covering benefits, spending and congressional action on federal programs such as Social Security and Medicare. He is a Certified Financial Wellness Facilitator through the National Wellness Institute and the Foundation for Financial Wellness and a member of the Association for Financial Counseling & Planning Education (AFCPE®).

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  • Edited By
    Matt Mauney
    Matt Mauney, Senior Editor for RetireGuide

    Matt Mauney

    Financial Editor

    Matt Mauney is an award-winning journalist, editor, writer and content strategist with more than 15 years of professional experience working for nationally recognized newspapers and digital brands. He has contributed content for,, The Hill and the American Cancer Society, and he was part of the Orlando Sentinel digital staff that was named a Pulitzer Prize finalist in 2017.

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  • Published: May 14, 2020
  • Updated: September 9, 2022
  • 4 min read time
  • This page features 13 Cited Research Articles
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Chicago Turner, Terry. "Medicare Premiums." Last modified September 9, 2022.

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2022 Premiums for Original Medicare

Original Medicare includes Medicare Part A hospital insurance and Part B medical insurance. The U.S. Centers for Medicare & Medicaid Services adjust the premiums for the following year in the fall.

Medicare Part A Premium in 2022

There is no Medicare Part A premium for most people. The hospital coverage is premium-free if you have worked and paid Medicare payroll taxes for at least 10 years — measured as 40 quarters by the Centers for Medicare & Medicaid Services (CMS).

If you haven’t met that 10-year mark, you can buy Medicare Part A, but the premiums will cost you $499 per month in 2022. Only about one percent of Medicare beneficiaries have to pay for Part A coverage.

Did You Know?
Medicare supplement insurance (Medigap) does not help pay Medicare premiums.

Medicare Part B Premium in 2022

The Medicare Part B standard premium went up in 2022 to $170.10 from $148.50 a month in 2021. The CMS cited rising prices for doctor administered medications as the driving force behind the hike. People with higher incomes may have to pay higher prices.

Medicare Part B uses a complex formula to determine the amount of your monthly premium. The cost is based on your modified adjusted gross income. That’s adjusted gross income plus any tax-exempt interest reported on your most recent tax return.

The formula also takes into account whether you filed an individual tax return, a joint return or you were married but filed separately.

2022 Medicare Part B Premiums (Based on 2020 Tax Return)
Filed an Individual Tax ReturnFiled a Joint Tax ReturnMarried Filing Separately Tax ReturnMedicare Part B Premium for 2022
$91,000 or less$182,000 or less$91,000 or less$170.10
More than $91,000 up to $114,000More than $182,000 up to $228,000N/A$238.10
More than $114,000 up to $142,000More than $228,000 up to $284,000N/A$340.20
More than $142,000 up to $170,000More than $284,000 up to $340,000N/A$442.30
More than $170,000 but less than $500,000More than $340,000 but less than $750,000More than $91,000 but less than $409,000$544.30
$500,000 or above$750,000 or above$409,000 and above$578.30

If you had a major life changing event in the two years since your last tax return, such as a change in your marital status, losing a job or loss of pension or income-producing property, you can request the Social Security Administration to adjust your premium.

Learn About Medicare Easy Pay

Medicare Advantage Premiums in 2022

The CMS estimates that the average Medicare Advantage premium of $21 for 2021 is the lowest in 14 years. The agency figured monthly premiums dropped an average of nearly 8.7 percent from $23 in 2020.

CMS projected that 24.4 million people were enrolled in the plans in 2020. At the same time, plan choices, benefits and Medicare Advantage enrollment have all increased.

There were 3,550 Medicare Advantage plans available in 2021 and because these vary based on location, the average Medicare beneficiary had access to 33 Medicare Advantage plans, the most ever according to the Kaiser Family Foundation.

For the most part, plans with cheaper premiums may offer far fewer benefits than those with more expensive premiums. Be sure to compare plans to get the coverage you want or need at a price you can afford.

Medicare Advantage Plans in Your State
You can check out average prices and the number of plans available in your state with state-by-state fact sheets at the U.S. Centers for Medicare & Medicaid Services website.
Preview to the New to Medicare PDF New to Signing Up for Medicare?
Medicare can be confusing. This free PDF will help guide you through the many enrollment periods, penalties and Medicare's "alphabet soup" of plans.

Medicare Part D Premiums in 2022

Medicare Part D prescription drug coverage is optional. Some Medicare Advantage plans also incorporate prescription drug coverage. Monthly premiums vary from plan to plan.

Most people only pay their monthly premium for Medicare Part D coverage. But people with higher incomes also have to pay an additional fee based on their income reported to the Internal Revenue Service. For 2022, that would most likely be based on 2020 income.

2022 Medicare Part D Premiums (Based on 2020 Tax Return)
Filed an Individual Tax ReturnFiled a Joint Tax ReturnMarried Filing Separately Tax ReturnYour Monthly Premium in 2022
$91,000 or less$182,000 or less$91,000 or lessYour plan premium
More than $91,000 up to $114,000More than $182,000 up to $228,000N/A$12.40 + your plan premium
More than $114,000 up to $142,000More than $228,000 up to $284,000N/A$32.10 + your plan premium
More than $142,000 up to $170,000More than $284,000 up to $340,000N/A$51.70 + your plan premium
More than $170,000 but less than $500,000More than $340,000 but less than $750,000More than $91,000 but less than $409,000$71.30 + your plan premium
$500,000 or above$750,000 or above$409,000 and above$77.90 + your plan premium

The extra amount you pay is not part of your plan premium and you do not pay it to your Medicare Part D insurer.

In most cases, the extra amount will be held out of your Social Security check. If it isn’t withheld, you’ll get a bill from either the Social Security Administration or the Railroad Retirement Board.

You also have to pay the extra fee if you are in a Medicare Advantage plan that includes prescription drug coverage.

If you don’t pay the extra fee, you can lose your Medicare Part D coverage.

Last Modified: September 9, 2022

13 Cited Research Articles

  1. Biniek, J.F., et al. (2020, October 29). Medicare Advantage 2021 Spotlight: First Look. Retrieved from
  2. AARP. (2020, March 25). Does My Income Affect My Monthly Premiums for Medicare? Retrieved from
  3. Laurence, B.K. (2020, January 1). Medicare Premiums, Deductibles, and Copays Change for 2020. NOLO. Retrieved from
  4. U.S. Centers for Medicare & Medicaid Services. (2020, January). 2020 Medicare Costs. Retrieved from
  5. O’Brien, S. (2019, November 11). Here’s How Much More You’ll Pay for Medicare Part B in 2020. CNBC. Retrieved from
  6. Livingston, S. (2019, November 8). Drug Spending Drives Higher 2020 Medicare Part B Premiums, Deductibles. Retrieved from
  7. U.S. Centers for Medicare & Medicaid Services. (2019, November 8). 2020 Medicare Parts A & B Premiums and Deductibles. Retrieved from
  8. U.S. Centers for Medicare & Medicaid Services. (2019, September 24). Trump Administration Drives Down Medicare Advantage and Part D Premiums for Seniors. Retrieved from
  9. U.S. Centers for Medicare & Medicaid Services. (n.d.). Pay Part A & Part B Premiums. Retrieved from
  10. U.S. Centers for Medicare & Medicaid Services. (n.d.). Your Medicare Costs. Retrieved from
  11. U.S. Centers for Medicare & Medicaid Services. (n.d.). Part B Costs. Retrieved from
  12. U.S. Centers for Medicare & Medicaid Services. (n.d.). Medicare Costs at a Glance. Retrieved from
  13. U.S. Centers for Medicare & Medicaid Services. (n.d.). Monthly Premium for Drug Plans. Retrieved from