According to government estimates, the standard premium for Medicare outpatient coverage will rise by 14.5% in 2022. This is far more than an earlier estimate that was 6.7%.

The standard premium for Part B, which covers outpatient care and durable equipment, will be $170.10 next year, up $21.60 from $148.50 this year, said a senior official for the Centers for Medicare & Medicaid Services on Friday. According to the trustees of the program, they had predicted that it would go up to $158.50.

The Part B deductible will increase by $30 (or 14.8%) from the current year to $233.

The bigger-than-anticipated increase is partly attributed to rising prices and utilization across the health care system and congressional action that limited the increase in the 2021 Part B premium.

To account for any new costs that may be incurred as a result of the program, additional contingency funds have been added.

The deductible for Medicare Part A (hospital insurance) in the benefit period will increase by $72 to $1,556 in 2022. This is an increase of $72 over the $1,484 this year.

Learn more about Personal Finance
How to appeal income-related Medicare charges
New mortgage refi programs are expanding
Remarrying? Here are key financial considerations