Medicare premiums and deductibles typically increase annually. Part B premiums are expected to rise 11.6% in 2026, nearly double the six percent jump in 2025, according to the 2025 Social Security and Medicare Trustees Report (page 204). The report projects a $206.50 monthly premium for next year, up $21.50 or 11.6% from 2025 and the largest Part B increase in dollar terms since 2022, when premiums rose by $21.60.
The premium for Medicare Part D is different from the Part B premiums in a few ways. Unlike Part B, Part D is sold by private companies as a standalone policy to those enrolled in traditional Medicare. It is also sold to beneficiaries with Medicare Advantage plans that don't include prescription drug coverage.
