Here's the short answer. Medicare has now posted the 2027 Part D deductible cap and out-of-pocket limit (see below). As of this page's last update, it had not yet published the 2027 Part B premium and deductible. CMS typically announces these figures in the fall, and they show up in your Annual Notice of Change, the "Medicare & You" handbook, and on Medicare.gov. This page explains which costs change every year, what the 2026 baseline is, and exactly where to look once the 2027 numbers are out.
The standard figures on one printable page: Medicare cost card.
What changes every January, and why
Four kinds of Medicare costs are recalculated every year:
- Part A premium and deductible — most people pay no Part A premium, but the inpatient hospital deductible is set annually.
- Part B premium and deductible — the standard monthly premium and yearly deductible, plus the income brackets for IRMAA surcharges.
- Part D deductible cap and out-of-pocket limit — the maximum deductible any drug plan may charge, and the yearly out-of-pocket spending level after which catastrophic coverage begins.
- Your own plan's premium, drug list, and network — set by your specific Medicare Advantage or Part D plan, not by CMS, and can change independently of the government-wide figures.
The 2026 baseline (current figures, pending the 2027 update)
| Cost | 2026 amount |
|---|---|
| Part B standard monthly premium | $202.90 (higher with IRMAA, based on income) |
| Part B yearly deductible | $283 |
| Part A inpatient hospital deductible | $1,736 per benefit period |
| Maximum Part D deductible any plan may charge | $615 |
| Part D out-of-pocket spending cap (catastrophic coverage begins) | $2,100 |
These are 2026 figures, confirmed directly from Medicare.gov. They are the numbers in effect right now, not the 2027 numbers.
Part D: the 2027 figures Medicare has posted
Medicare.gov now lists two Part D limits for 2027. No Medicare drug plan may have a deductible (what you pay before the plan starts to pay) of more than $700 in 2027. That is up from $615 in 2026. Some plans have no deductible. The yearly out-of-pocket cap on covered Part D drugs is $2,400 in 2027, up from $2,100 in 2026. Certain payments made for you, such as through Extra Help, count toward the cap. After you reach it, you get catastrophic coverage (the plan pays the rest of the year). These are limits, not what every plan charges. Your own plan's deductible may be lower. Check it in your plan's Annual Notice of Change. The 2026 figures stay in effect until the year ends.
Where the 2027 numbers will appear, and when
- Your plan's Annual Notice of Change (ANOC). Mailed by September 30, 2026, this letter gives your specific 2027 premium, deductible, and drug tiers before the government-wide figures are even finalized. See reading your ANOC.
- The new "Medicare & You" handbook. Mailed to every Medicare household in late September.
- Medicare.gov's costs page. Updated once CMS finalizes the Part A and Part B figures, typically announced in the fall.
- MediPrimer's Understanding Your Costs page. We update it as soon as the official 2027 figures are published.
How this affects your Open Enrollment decision
You don't need the final 2027 Part A/B numbers to compare plans during Open Enrollment (October 15 – December 7, 2026). Your plan's own 2027 costs, in its ANOC, are what actually determines what you'll pay. Use Medicare Plan Finder to compare plans using those plan-specific numbers, and check how to compare plans for 2027 for the four things worth checking, in order.
Common questions
Has Medicare announced the 2027 Part B premium yet?
Not as of this page's last check. CMS typically announces the coming year's Part B premium and deductible in the fall, usually around November, after this page's dateModified. Check Medicare.gov or your "Medicare & You" handbook for the confirmed 2027 number.
Why does my premium or drug cost change every January?
Medicare updates Part A and Part B premiums and deductibles, and the Part D deductible cap and out-of-pocket limit, every year. Medicare Advantage and Part D plans can also change their own premiums, drug lists, and networks each January.
Where will I see my plan's actual 2027 costs?
In your plan's Annual Notice of Change, mailed by September 30, and in the Evidence of Coverage that follows by October 15.
Official sources
- Medicare.gov: Medicare costs
- Medicare.gov: How much does Medicare drug coverage cost?
- Medicare.gov: "Medicare & You" handbook
- Medicare & You (PDF)