Part D Bid Will Drop 11%; Base Premium Will Grow Slightly in 2022
The monthly Medicare Part D base beneficiary premium for 2022 will be $33.37, a slight increase from $33.06 in 2021, according to recent CMS projections. The Part D national average monthly bid amount continued to drop, from $43.07 in 2021 to $38.18 in 2022. Regional low-income premium subsidy amounts have increased over the past few years, and only two states — New Jersey and Arkansas — are projected to see a decline in 2022. New Mexico is projected to see the biggest jump, with its average subsidy amount going up from $28.17 in 2021 to $34.31.
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