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Kiplinger
Kiplinger
Business
Maurie Backman

The 2-Year IRMAA Rule Blindsided You, Spiking Your Medicare Costs. Now What?

Close-up of a mature, thoughtful woman, resting her chin in her hand and looking away from the camera.

One of the biggest misconceptions people have about Medicare ahead of retirement is that coverage under it is free. In addition to coinsurance and deductibles, Medicare enrollees are charged a premium for Part B, which covers outpatient care, and Part D, which covers prescription drugs.

Medicare Part B has a standard monthly premium that changes annually. In 2026, it’s $202.90.

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