Costs of Medicare

Understanding the costs of Medicare is essential in planning for the future and being sure that you’re selecting the right policy for your needs. When taking a look at the different costs, it may be overwhelming at first, but the agents with Magellan Healthcare are here to help you understand all the parts of Medicare and what costs you can expect from each part.

Now, let’s go over some of the costs you can expect from Medicare in 2026.

2026 Medicare Costs

Medicare Part A
Premium

Most people don’t have to pay a monthly premium for Part A if they paid Medicare taxes for 10 years (40 quarters). If you paid Medicare taxes for fewer than 30 quarters, your Part A monthly premium will be $505. If you paid Medicare taxes for 30–39 quarters, your Part A monthly premium will be $278.

Medicare Part A
Inpatient Deductible
and Coinsurance

You will pay:

$1,736 deductible for each benefit period
$0 coinsurance for days 1–60 per benefit period
$434 daily coinsurance for days 61–90
$868 per day after 90 days per benefit period (60 lifetime reserve days)

Medicare Part B
Premium

The standard Part B monthly premium is $202.90

The premium may be higher, depending on your income.

Medicare Part B
Deductible and
Coinsurance

Part B yearly deductible is $283

After meeting the deductible, you will pay 20% of the Medicare-approved amount for approved services you receive.

You may also pay a 15% excess charge at some providers.

Medicare Part C
(Medicare Advantage)

Part C plans bundle Part A, Part B, and usually Part D. Premiums, deductibles, and out-of-pocket costs vary by plan and provider.

Medicare Part D
Premium and
Deductible

Part D monthly premiums vary by plan. The average monthly premium is $55.50.

Part D plans can have a maximum deductible of $545. Some plans have no deductible.

Want to Learn More? Give Us a Call!

Magellan Healthcare is here to help you understand all the different options available to you with Medicare, as well as discuss with you the costs you can expect with each part. For more information regarding the costs of Medicare, reach out to us today!