Many retirees rely on Medicare for affordable health coverage, but costs are increasing in 2026. The standard monthly premium for Part B will be $202.90, up from $185 in 2025. Social Security recipients facing a 2.8% COLA will see their benefits eroded by this increase. Higher earners will pay more, with single tax-filers above $109,000 and joint filers above $218,000 facing higher premiums. Deductibles for Part B and Part A are also rising, along with coinsurance rates for hospital stays. It’s crucial for Medicare enrollees to budget carefully for these changes and potential increased costs in other Medicare plans.

Read more at Nasdaq: 5 Medicare Changes Every Enrollee Should Know About in 2026