Medicare Costs in 2022 - Explained!

It may come as a surprise to you that Medicare is NOT free. CMS released the new 2022 Medicare numbers, and yes, there is an increase! Tune in as we discuss the Medicare Costs in 2022, which includes Part A, Part B, and Part D premiums and deductibles!

LINKS MENTIONED IN THE VIDEO:

Start (0:00)
Medicare Part A Costs (0:47)
Medicare Part B Costs (1:51)
Medicare Part D Costs (4:35)
Medicare Advantage Plan Costs (7:50)

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[wn]

One of the wisest decisions I made last year was to subscribe to this channel. I'm entering into Medicare this year, and I am prepared and ready to make choices with the knowledge and understanding one needs to navigate the murky, muddy swamp of Medicare, due in large part to Danielle and Boomer Benefits. Thanks, Folks!😎

[petermusto]

Very informative. I've been paying my Medicare Part B for the past year, not quite 66 and 2 months yet. I'm a Retired Federal Employee so I have Blue Cross Blue Shield Federal deducted from my FERS Monthly Annuity. I haven't paid a cent for Doctors Appointments since December 2020. Having Medicare Part B and BC/BS is a 1-2 punch. I really enjoy your Videos, you're so articulate and very attractive. Hope 2022 is a good year for you as well!

[barbpaul]

Always outstanding information from Danielle! I learn something new with every single video! Thank you!

[edwardnash]

What the hell we paid that money into Social Security it has nothing to do with the Debt. You all stole the money from Social Security a long time ago. And you know you did and you owe and need to pay it back. We the Seniors paid that money into Social Security over 60 years and you are trying to pull the wool over our eyes you need to pay back what you stole and raise our pay to $3200.00 a month because you gave the minimum wage to $15.00 a hour and that comes to be $3200.00 a month if you don't raise Social Security so that it matches minimum wage the Seniors are going to be in the poverty level. Social Security is all that some Seniors have to live on. They think they are doing me a favor they stole my money and every person that payed into Social Security and then they stole our money. And stop raising the price of Plan B every time you give us a raise you raise the price on Plan B so we Don't really get a raise

[suzetteroberts]

Good over all content on Medicare. I'm inspired to do something on youtube for my Medicare clients and prospective clients. Thank you

[blinker]

Question please: do all of the monthly costs and premiums quoted in your video apply individually (i.e. a married couple should multiply these numbers by 2), or are the costs combined for a married couple? Thank you!

[fedgirl]

I retired from a federal government job July 31, 2020. My birthday is August 26, 1957. My retirement income is based on a federal pension plus TSP withdrawals. My plan is to take SS at my FRA of 66 1/2. I will then lower my TSP withdrawal by the SS amount so that my TSP will last longer. I have continued my health benefits into retirement, so I currently have federal BC/BS. It covers hospital, doctor, and drug. Hospital is 100% covered after deductible), and doctor and drug each have copays. I will be 65 this year, or 8/26/2022. I will enroll in Medicare 3 months prior to my birthday. Since I retired 7/31/2020 I have not paid into Medicare or SS. My question is this: What, if any, penalties could I face based on when I enroll in Medicare this year and later on at 66 1/2 for SS? I realize SS will deduct for my Medicare premium. I just wonder if because I am delaying taking SS until my FRA, how that impact’s Medicare premiums. Do I have to pay for any Medicare premiums prior to taking SS at my FRA? Since my B/C B/S covers hospital, doctor, and drugs, what parts of Medicare am I required to join? I realize I get part A anyway, and that I don’t need part D because I have drug covered through B/C B/S. So I am thinking I have to pay for Medicare premium monthly, until I am 66 1/2, upon which SS will deduct the Medicare premium. Will I get a monthly bill for the Medicare premium? This is all so confusing. It would be greatly appreciated if you would do a video for people that have continued health coverage after retirement and how Medicare and SS play into that. I do realize that once I join, Medicare will be my primary and the BC/BS will be secondary. Thanks!!

[eszhjko]

I've been working since I was 16. I've paid FICA tons of money, and now when I turn 65 in July, they are going to charge me $170.00 a month for part B. More money for C and D apparently. Really sucks. Oh and I just read in the comments that they want 3 months in advance ?
Is that right ?

[carolynt.]

I would have liked to have been prepared for Medicare to want my first three payments all at once, right at Christmastime.
We were travelling and frankly missed the deadline because the bill came while we were gone.
It all worked out, luckily. But fair warning to those brand new to Medicare.

[bkweathe]

The explanation of costs for Part A is incorrect. Having a spouse w/ 40 credits doesn't necessarily qualify one for premium-free Part A. That spouse needs to be eligible for Social Security benefits. In other words, in addition to having 40 credits, the spouse has to be at least 62. (Yes, I know that there's a CMS website w/ an article that says the rule is 40 credits. It's wrong. There are other government sites that get it right.)

[karenwhisenant]

I have been harassed with calls the last 2 weeks wanting to speak to me about Medicare. they call 6-8 times a day from different numbers is this normal? If not who do I report it to? Also thank you for the information you provide.

[beezneez]

What about costs for additional plans? What do they average per month?

[Retiredmco]

Danielle hello from Tennessee! Can use a HSA to pay monthly premiums for part B and part D.

[leesmith]

Do you have to carry part B or can you opt out of it

[bobchannell]

I watched the first few seconds of this video, and I must say, since I've paid FICA taxes all of my working career, I think Medicare should be free. Totally free. But of course, I know she's just describing the system as it is, not making it what it is.

[everetteborr]

I think that it’s shocking that the sale of a personal residence, even if tax free, can cause IRMAA because IRMAA is based on MAGI.

It’s even more shocking that Medicare does not consider the sale of a personal a “Life-Changing” event for the purposes of a reduction.

Under these circumstances, it’s really inaccurate to say it that someone who sells their personal residence is “high-income” and should pay IRMAA premiums.

[robertmckinley]

Where in the Constitution does it give the Government any authority to be our baby sitter and provide for our health

[sherriconklin]

I only get 775 or 795 a month plus I pay 450 $ for rent

[robertstevens]

Federal government sets premiums, Dr.'s fees, who and what is covered? This is socialized medicine. Greedy old people love it!

[sherriconklin]

Wait I got Medicare because of disability mental health issues