Here's What Medicare Part B Costs in 2026

Core Insights - Medicare Part B costs are expected to increase in 2026, with a standard monthly premium of $202.90, up from $185 in 2025, affecting higher earners with additional surcharges [3] - The annual deductible for Medicare Part B will rise to $283 in 2026, an increase from $257 in 2025, requiring beneficiaries to pay the full Medicare-approved amount until the deductible is met [4] - Understanding Medicare Part B costs is crucial for retirees on fixed incomes, as healthcare expenses can significantly impact financial planning [2][8] Cost Breakdown - The standard monthly premium for Medicare Part B in 2026 is set at $202.90, with higher earners facing additional surcharges if their income exceeds $109,000 for single filers or $218,000 for joint filers [3] - The annual deductible for Medicare Part B will be $283 in 2026, meaning beneficiaries will pay out-of-pocket until this amount is reached before Medicare covers 80% of approved costs [4] - Medigap plans can assist with covering some Part B costs, including the 20% coinsurance for outpatient services, although they do not cover the monthly premiums [6] Enrollment Considerations - The optimal time to enroll in a Medigap plan is during the initial sign-up window, which begins when an individual turns 65 and enrolls in Part B, ensuring coverage cannot be denied due to pre-existing conditions [7] - Delaying the purchase of Medigap coverage may lead to higher costs, potentially diminishing the financial benefits of the plan [7]