Medicare Costs Are Going Up in 2026

Part B premiums are set to jump 11.6% next year. Here’s what you need to know—and what you can do to prepare.

Bigger Jump Than Usual (Part B Premium = $206.50)

Part B premiums expected to hit $206.50 (+$21.50/month) the largest since 2022.

Deductibles are also rising 12%.

Part D Drug Costs Also Rising

The base Part D premium could rise 6% to $38.99.

Out-of-pocket cap: $2,100.

Deductibles may climb from $590 → $615, with higher out-of-pocket thresholds.

What’s Driving the Increase?

More enrollees, higher medical costs, and rising drug prices.

The Medicare tax rate hasn’t increased to keep pace.

Steps to Reduce Costs 

Review Medicare Advantage plans

Look into Medigap policies

Apply for Extra Help if eligible

Budget for premium increases

High-Income? Watch IRMAA

IRMAA surcharges are increasing too.

Lower taxable income with Roth conversions or charitable IRA distributions.

Plan Ahead for 2026

Open enrollment runs Oct 15 – Dec 7, 2025.

Review plans early to avoid paying more than you need.

Need Guidance for 2026?

Medicare is changing fast. Talk to a licensed Medicare specialist in San Diego to find the best plan for your needs.