Social-Security-Medicare_2022

Adjusted gross income single filers Adjusted gross income married joint filers Part B monthly premium Part D monthly premium $91,000 or less $182,000 or less $170.10 Your plan premium Above $91,000 up to $114,000 Above $182,000 up to $228,000 $238.10 $12.40 + your plan premium Above $114,000 up to $142,000 Above $228,000 up to $284,000 $340.20 $32.10 + your plan premium Above $142,000 up to $170,000 Above $284,000 up to $340,000 $442.30 $51.70 + your plan premium Above $170,000 but under $500,000 Above $340,000 but under $750,000 $544.30 $71.30 + your plan premium $500,000 and above $750,000 and above $578.30 $77.90 + your plan premium Medicare Part B and Part D Monthly Premiums (2022) (based on AGI for 2020 tax year) A 65-year-old couple who retired in 2021 may need about $296,000 to cover their retirement health-care expenses. This estimate is based on the savings needed to cover premiums for Medicare Part B and Part D, Part B and Part D deductibles, premiums for Medigap Plan G, and median out-of-pocket prescription drug expenses in retirement. It does not factor in costs to cover long-term care and other health expenses not covered by Medicare. Source: Employee Benefit Research Institute, 2022 People often underestimate the potential cost of health care in retirement — even with Medicare.