The social security administration announced a 5.9% increase to Social Security benefits for 2022. Each year the Medicare Part B premium, deductible, and coinsurance rates are determined according to the Social Security Act.
The standard monthly premium for Medicare Part B will be $170.10 for 2022, an increase of $21.60 from $148.50 in 2021. The annual deductible for all Medicare Part B beneficiaries is $233 in 2022, an increase of $30 from the annual deductible of $203 in 2021.
Medicare Part D open enrollment will soon be coming to an end. December 7th is the last day to make changes to your Medicare Part D prescription drug plan for 2022. If you are still needing your plan looked at, please call the Osborne Post Rock District Extension office to make an appointment.
By: Brenda Langdon
