It’s official. Medicare costs will eat up much of older Americans' Social Security cost-of-living adjustment next year.

The standard monthly premium for Medicare Part B, which covers outpatient care, doctors' services, durable medical equipment and preventive service, will be $202.90 in 2026, the Centers for Medicare and Medicaid Services said on Nov. 14. That's up $17.90, or nearly 9.7%, from $185.00 in 2025.

It's smaller than the $21.50 increase the Medicare Trustees had forecast earlier but still the second largest dollar jump in program history behind 2022's $21.60 gain and almost 3.5 times the 2.8% Social Security raise for next year. That means seniors will probably see a drop, again, in their standard of living, experts said.

Seniors were the only ones who saw an increase

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