CMS Announces 2022 Premiums and Cost-Sharing Amounts

CMS Announces 2022 Premiums and Cost-Sharing Amounts

In advance of the 2022 Medicare Open Enrollment period (October 15, 2021 to December 7, 2021), the Centers for Medicare and Medicaid Services (CMS) has released the 2022 premium and cost-sharing amounts for Medicare Advantage and Medicare Part D plans. See CMS Releases 2022 Projected Medicare Part D Average Premium | CMS

Average Premium for Medicare Part D 2021 2022
Cost per month $31.47 $33.00
Average Premium for Medicare Advantage
Cost per month $21.22 $19.00
Plans offering special supplemental benefits to chronically ill individuals (Medicare Advantage)
Percentage of plans 19% 25%
Dual eligible special needs plans (Medicare Advantage)
Number of plans 256 295


Over 63 million individuals in the US are covered by Medicare, with an estimated 29.5 million (2022) of those individuals in Medicare Advantage. Some Medicare Advantage plans cover both Medicare and Medicaid services for “dual eligible” individuals.

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CMS Announces 2022 Premiums and Cost-Sharing Amountshttps://www.cbiz.com/Portals/0/Images/Medicare Part D Prescription Drug.jpg?ver=X63U3UY8RLlEXBMvUtZYBg%3d%3dThis year, Medicare Part D premiums increase, while Medicare Advantage premiums decrease.2021-10-07T19:00:00-05:00This year, Medicare Part D premiums increase, while MedicareAdvantage premiums decrease.Regulatory, Compliance, & LegislativeEmployee Benefits ComplianceNo