Medicare Part B premiums increase to $202.90/month in 2026, with Part D deductible rising to $590 and a new $2,000 out-of-pocket cap for covered drugs. IRMAA surcharges expand to higher-income beneficiaries.
Premium and cost-sharing changes
- ▪The Part D deductible rises to $590 in 2026, up from $590 in 2025
- ▪Medicare Part B premiums increase to $202.90 per month in 2026, up from $185.00 in 2025
- ▪IRMAA surcharges apply to beneficiaries earning over $109,000/year, with higher premiums for Part B and Part D
Part D drug coverage changes
- ▪A new $2,000 annual out-of-pocket cap applies to Part D covered drugs starting in 2026
Medicare Advantage updates
- ▪Medicare Advantage maximum out-of-pocket limit decreased slightly for 2026
Debatable claims
- ▪Medicare premium increases outpace the 2.8% Social Security cost-of-living adjustment for 2026
- ▪The $2,000 Part D out-of-pocket cap adequately protects seniors from prescription drug costs
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