Source for income and tax information above: Centers for Medicare and Medicaid Services
Medicare Part B Deductible
The Part B deductible for 2022 is $233. This is the amount you are responsible for paying before Part B starts helping to pay your health care costs, but it doesn’t apply to most Medicare-covered preventive care services.
Medicare Part B Coinsurance
Coinsurance is a cost-sharing term that means insurance pays a percentage and you pay a percentage. With Medicare Part B, you pay 20 percent of the cost for the services you use. So if your doctor charges $100 for a visit, then you are responsible for paying $20 and Part B pays $80.
There is no limit on Part B coinsurance costs, which could add up if you have a lot of doctor visits or need other services.
With a Medicare Advantage plan, your costs will be different and may include copays for doctor visits or other services. However, your out-of-pocket costs are limited to the annual plan maximum. Once you’ve paid that amount, the plan pays 100 percent for Medicare-covered services through the end of the year.
If Medicare costs are a concern, you may want to take advantage of financial protection and other benefits offered by Medicare Advantage plans.