Medicare Part B premium annual percentage change in the U.S. 2002-2022
In 2022, the average monthly Medicare Part B premium increased 14.5 percent to 170 U.S. dollars, compared to 148 U.S. dollars in 2021. This is the largest increase in dollar terms ($21) and amongst the largest percentage increases to date. Medicare Part B (medical insurance) covers medical services like doctors' services, outpatient care, limited outpatient prescription drugs, and some other services Part A doesn't cover. Most beneficiaries do not pay a monthly premium for Medicare Part A (hospital insurance), however, those who sign up for Part D (drug coverage) will incur a monthly premium. This statistic depicts the annual percentage increase of average monthly Medicare Part B premiums in the U.S. from 2002 to 2022.
