Updated Premiums and Deductibles for Medicare

This is the final week of open enrollment.

As Medicare’s open enrollment period is due to end December 7, recipients of the program are preparing for a larger-than-expected jump in prices for premiums and deductibles.1,2


For example, Medicare Part B monthly premiums are set to rise to $170.10, a 14.5% increase and much higher than the estimate of 6.7%. The deductible for Part B will rise to $233, a 14.8% increase. The Part A deductible will increase to $1,556, up $72 in 2022.2


While many Medicare programs will carry over if participants take no action, it’s not clear that everyone is aware of the increase that’s coming. According to a recent survey from, 67% of beneficiaries hadn’t looked at their choices by mid-November, while the Kaiser Family Foundation discovered that 71% don’t review their options at all during the open enrollment period.1


For many Americans, Medicare remains a vital program, keeping healthcare affordable. In this final week of the open enrollment, it is definitely worth your time to familiarize yourself with the changes and the options you might select for your coverage. If that’s a concern, get started right away at

View More Articles

Investment advisory services are offered through Trek Financial, LLC., an SEC Registered Investment Adviser.  Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein.


  1., November 29, 2021
  2., November 12, 2021

Trek 21-130

You Might Also Like