Medicare Costs Set to Surge in 2026: Key Takeaways and Strategies

Medicare Part B premiums are projected to jump 11.6% in 2026, marking the steepest increase since 2022. The estimated monthly premium will reach $206.50, up $21.50 from 2025 levels. Out-of-pocket expenses for Part B and Part D are also expected to rise, with Part D premiums potentially climbing by 6%.

Enrollees face higher deductibles and out-of-pocket maximums across Medicare programs. Those concerned about the cost hikes may consider alternatives like Medicare Advantage plans or supplemental insurance during the upcoming open enrollment period.

The Centers for Medicare and Medicaid Services (CMS) attributes the increases to rising healthcare costs and program expenditures. While Part A remains premium-free for most beneficiaries, the Part B hike will impact nearly all Medicare participants.