The federal government just announced 2026 Medicare cost increases.
Medicare Part B premiums are going up almost 9.7%, or about $18 a month, which will eat up part of next year’s annual Social Security cost-of-living adjustment. In addition, the deductible for a hospital admission under Medicare Part A will go up by $60.
Tatiana Fassieux, education and training specialist for the nonprofit California Health Advocates through its Senior Medicare Patrol, said patients will need to carefully balance their budgets.
“Not only do you have to think about your potential health care spending dollars for next year, but also, how is that Social Security income going to offset any increases in your Medicare costs?” Fassieux noted.
Part B premiums will rise by $17.90 for a total cost of $202.90. On the upside, the Social Security cost-of-living increase for 2026 means checks will go up by approximately $56. Meanwhile, older Americans have some choices to make about their Medicare coverage.
Medicare open enrollment runs about three more weeks, through Dec. 7 for people who want to change their Medicare Part D or Medicare Advantage plan. Fassieux pointed out the airwaves are flooded with ads for plans with all kinds of goodies but said people really need to be sure the plan includes your local doctor and covers your medications.
“Don’t succumb to the enticements that you see on television with free spending cards for groceries,” Fassieux cautioned. “Be more specific as to your needs, your finances and your providers.”
The state-funded Health Insurance Counseling and Advocacy Program provides free and objective information and counseling about Medicare as well as a list of local offices.
