Total Medicare Cost Calculator — 2026
Total Monthly Cost
$241.89
Total Annual Cost
$2,902.68
Part A Premium$0.00
Part B Premium (incl. IRMAA)$202.90
Part B IRMAA Surcharge$0.00
Part D / Drug Coverage Premium$38.99
Part D IRMAA Surcharge$0.00
Medigap Premium$0.00
Estimated Drug OOP Costs$50.00
Grand Total (monthly)
$241.89
2026 Medicare Cost Overview
| Component | Monthly Cost | Annual Cost | Notes |
|---|---|---|---|
| Part A Premium | $0 | $0 | Free for 40+ quarters |
| Part A Deductible | — | $1,736/benefit period | Per hospitalization |
| Part B Standard Premium | $202.90 | $2,434.80 | IRMAA may apply |
| Part B Deductible | — | $283 | Annual |
| Part D Base Premium | $38.99 | $467.88 | Varies by plan |
| Part D Max Deductible | — | $615 | Plan-specific |
| Part D OOP Cap | — | $2,100 | Then $0 cost |
| Medigap Plan G | ~$150 | ~$1,800 | Estimate; varies |
| Medigap Plan N | ~$115 | ~$1,380 | Estimate; varies |
| Medicare Advantage Avg | $18 | $216 | Plus Part B premium |
Medicare Cost FAQs — 2026
The minimum Medicare cost for 2026 is $202.90/month — just the standard Part B premium. Most people also add Part D ($38.99/month average), bringing the base to about $242/month. Adding Medigap Plan G averages about $150/month more, for a total around $390–$400/month. Higher-income beneficiaries pay more due to IRMAA surcharges. Medicare Advantage plans often start at $18/month (plus Part B), but you must use plan networks and may face different cost-sharing.
No. Original Medicare (Parts A and B) covers about 80% of approved medical costs after deductibles. You are responsible for the remaining 20% coinsurance with no annual cap under Original Medicare alone. This can be significant for hospitalizations or cancer treatment. Medigap (Medicare Supplement) policies help pay these gaps. Medicare Advantage plans typically have fixed copays and an annual out-of-pocket maximum (no more than $9,350 in 2026).
The Part A inpatient deductible for 2026 is $1,736 per benefit period. Unlike an annual deductible, the Part A deductible applies per benefit period (a stay plus 60 days after discharge). If you have multiple hospitalizations in the same year with at least 60 days between them, you could owe the deductible more than once per year. Medigap Plan G covers this deductible entirely.
Medicare Advantage often has lower monthly premiums than Original Medicare + Medigap, but costs can be higher when you use healthcare. MA plans use cost-sharing (copays, coinsurance) with an annual out-of-pocket maximum. Original Medicare + Medigap Plan G has higher premiums but more predictable costs and broader provider access. The best choice depends on your health, providers, medications, and financial situation. Use our Advantage vs. Original calculator to compare.
Yes. CMS announces updated Medicare premiums, deductibles, and cost-sharing amounts each November for the following year. Part B premiums increased from $185.00 in 2025 to $202.90 in 2026 (9.7%). IRMAA brackets, Part D caps, and Part A deductibles also change annually. It's important to review your Medicare costs during Open Enrollment (October 15–December 7) each year.
Disclaimer: MedicareBudget provides Medicare cost calculators and educational information for informational purposes only. This is not medical advice, legal advice, or a substitute for licensed professional guidance. Medicare premiums, deductibles, and program details change annually — always verify current figures at Medicare.gov or call 1-800-MEDICARE (1-800-633-4227). Contact: [email protected]