Medicare Costs Increase in 2026

Medicare costs are expected to rise in 2026, with a projected 10% increase in Part B premiums potentially reducing the Social Security Cost of Living Adjustment (COLA) for recipients. Additionally, changes in Income-Related Monthly Adjustment Amount (IRMAA) brackets could affect 3.5 million more retirees, leading to surcharges for Parts B and D. These adjustments will impact the financial planning of Medicare beneficiaries, highlighting the importance of understanding each component's costs and potential financial implications for retirees in the upcoming years.