Big Hike in Medicare Premiums Recently Announced

Headline on November 13: “US announces big hike in Medicare premiums,” by Maggie Fox and Tami Luhby, CNN

Quote: “The federal government announced a large hike in Medicare premiums Friday night, blaming the pandemic but also what it called uncertainty over how much it may have to be forced to pay for a pricey and controversial new Alzheimer’s drug. The 14.5% increase in Part B premiums will take monthly payments for those in the lowest income bracket from $148.50 a month this year to $170.10 in 2022. … Part B premiums are based on income. Individuals earning $500,000 or more a year and joint filers making $750,000 or more annually will pay $578.30 a month for coverage in 2022.”

Read more: US Announces Big Hike in Medicare Premiums

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