Seniors should prepare for higher Part B premiums and deductibles.

Is it too soon to begin looking forward to the new year? I don't think so. Only 87 days remain in 2025. The time will fly by quickly.

There's usually plenty of eager anticipation and hopefulness as one year ends and the next year begins. That's likely to be the case again as 2025 draws to a close. But retirees should get ready for an unpleasant Medicare surprise in 2026.

Paying a premium price

Medicare Part B covers doctors' visits, outpatient care (including some prescription drugs), ambulance services, and more. The standard monthly Medicare Part B premium currently stands at $185. This amount rose roughly 5.9% from the standard premium of $174.70 in 2024. However, retirees should brace to pay much more next year.

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