Medicare costs rise as 2022 open enrollment approaches

Medicare costs are set to see increases over last year as the 2022 open enrollment period start date is just over a month away.

According to Yahoo! Finance, Part A deductibles are up 3.2 percent, Part B premiums are up 6.7 percent, Part B deductibles are up 7 percent, and monthly Part D premiums are poised to rise 4.9 percent. 

Analysts also project an increase in Medicare Advantage membership through 2022, which is currently sitting at 42 percent of Medicare-eligible adults.

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