Medicare Part A (Hospital Insurance)

Premium: 

• $0/month for most people (if you worked 40 quarters or you qualify based off your spouse’s record)

Deductible:

• $1,736 per hospital benefit period

Coinsurance:

• Days 61–90: $434/day

• Lifetime reserve days: $868/day

Medicare Part B (Medical Insurance)

Premium (standard):

• $202.90/month (unless you are subject to IRMAA)

Deductible:

• $283/year

Note: Higher-income beneficiaries pay more due to IRMAA surcharges. IRMAA can be very confusing.  Reach out to us if you have a question about IRMAA.

As you can see, the 2026 Medicare premiums and deductibles can be very expensive.  Original Medicare by itself can be pretty expensive and leave you with quite a bit of out of pocket expenses.  That is why it so important to have either a medicare supplement plan or a medicare advantage plan to help reduce your out of pocket expenses.

Medicare Part D (Prescription Drug Plans)

Premium:

• Varies by plan (many range from $0 to $100+ depending on coverage)

Maximum deductible:

• $615 in 2026

Extra:
Higher-income beneficiaries may pay an additional $14.50 to $91.00/month (IRMAA).

There are so many moving parts when it comes to Medicare.  With over 15+ years experience helping people with Medicare, we can take the confusing out and help you find the perfect plan for your situation.  Get in touch with us and see how we can help.