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The Cost of Medicare Part B Should Be Part of Your Retirement Plan - Money Talks News
The cost of Medicare Part B has been rising steadily for several years. If you are 65 years old and on Medicare, the premium is deducted directly from your Social Security benefit. The cost of Medicare Part B costs is growing faster than the cost-of-living adjustment (COLA). The COLA for 2026 was only 2.8%, while Medicare Part B costs increased by 9.6%.
The standard premium for 2026 is $202.90, up from $185 in 2025. Medicare premiums are legally required to cover 25% of the program’s costs. As the cost of the Medicare program increases, your premium increases. Medicare Part B premiums have increased by nearly 200% since 2000, while Social Security benefits have only increased approximately 87%.
Higher-income individuals can expect to pay even higher Medicare Part B premiums, as they may be subject to the Income-Related Monthly Adjustment Amount (IRMAA).
The Money Talks News staff wrote an article covering the ever-increasing cost of Medicare Part B, and its effect on your Social Security as part of your retirement plan. To read the full article, click here …
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Gerry Hafer, Social Security Advisor
AMAC Foundation
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