Medicare Costs Are Rising in 2027 — Experts Tell Us What Retirees Should Do Now

Medicare beneficiaries could face higher premiums, deductibles and prescription drug costs in 2027, making it important to review plan changes before Open Enrollment begins October 15. Medicare’s annual enrollment period runs through December 7. Goksi/Shutterstock

The 2026 Medicare Trustees Report indicates that premiums and deductibles for Medicare Parts A and B will rise next year. However, policy experts and insurance professionals tell SavingAdvice that other costs may also rise, making a plan for how to prepare for Medicare open enrollment 2027 essential.

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