The short answer: As of November 11, 2026, CMS has not yet announced the 2027 Medicare Part B premium. The 2026 Medicare Trustees Report estimates it at $209.50 a month, up $6.60 from 2026's $202.90, with a Part B deductible of about $292. Those are projections. The official numbers usually come out in November, and Social Security says your 2027 premium will show in your my Social Security Message Center starting in late November.
How much will Medicare Part B cost in 2027?
The 2026 Medicare Trustees Report, dated June 9, 2026, estimates the standard Part B premium for 2027 at $209.50 a month and the Part B deductible at about $292 a year. CMS sets the final amounts each fall, so the official 2027 figures could be different. Most people pay the standard premium; people with higher incomes pay more.
Source: 2026 Medicare Trustees Report. We will update this page when CMS publishes the official 2027 amounts.
2026 Costs vs. 2027 Estimates
| Cost | 2026 (official) | 2027 |
|---|---|---|
| Part B standard monthly premium | $202.90 | About $209.50 (Trustees estimate) |
| Part B yearly deductible | $283 | About $292 (Trustees estimate) |
| Part A hospital deductible (per benefit period) | $1,736 | Not yet announced |
| Part A coinsurance, hospital days 61 to 90 | $434 a day | Not yet announced |
| Skilled nursing facility, days 21 to 100 | $217 a day | Not yet announced |
| Part D yearly out-of-pocket cap | $2,100 | $2,400 (official) |
Sources: Medicare.gov, Medicare costs (2026 figures, checked November 11, 2026); Federal Register, November 19, 2025 (2026 Part B); CMS 2027 Rate Announcement, April 6, 2026 (Part D cap).
What the 3.6% Social Security Raise Means After Part B
Social Security benefits go up 3.6% in January 2027. The Part B premium is usually taken out of your Social Security check, so the premium increase eats part of the raise. If the premium lands at the $209.50 estimate, a typical retiree would lose $6.60 of their monthly raise to the higher premium. For example, someone getting $2,000 a month would see a raise of about $72, and keep about $65 of it after the estimated premium increase.
A rule called "hold harmless" protects most people from seeing their Social Security check go down because of a Part B increase. It does not apply to new enrollees, people with higher incomes who pay more for Part B, or people whose state pays their premium. Read our guide to the 2027 Social Security raise for more.
Higher Incomes Pay More (IRMAA)
If your modified adjusted gross income on your tax return from two years earlier is above a set limit, you pay an extra amount for Part B and Part D, called IRMAA. For 2026, the extra Part B charge starts above $109,000 for an individual and $218,000 for a married couple filing jointly, based on 2024 tax returns. The 2027 brackets have not been published yet and will be adjusted for inflation, so do not use the 2026 numbers for 2027.
If your income dropped because you retired, lost a spouse or had another life-changing event, you can ask Social Security to use a more recent year with form SSA-44. See our year-end retirement deadlines guide for ways to manage income before December 31.
Help Paying Part B in Florida
- Medicare Savings Programs. Florida Medicaid can pay your Part B premium, and sometimes your deductibles and copays, if your income and savings are limited. See our guide to Medicare Savings Programs in Florida.
- Extra Help with drug costs. CMS set the 2027 resource limit for full Extra Help at $17,210 for a single person and $34,340 for a married couple, or $18,710 and $37,340 if you expect to use money for burial costs (CMS memo, November 5, 2026). The 2027 income limits come out early next year.
- Free counseling. SHINE, Florida's free Medicare counseling program, can check whether you qualify. Call the Elder Helpline at 1-800-963-5337 or read how to get a SHINE counselor.
What to Do Before December 7
Open Enrollment for 2027 Medicare plans ends December 7, 2026. The Part B premium is the same whichever plan you choose, but drug plan premiums, copays and Medicare Advantage costs are not. Use the time to:
- Check that your drugs are on your plan's 2027 list. Fifteen drugs get new Medicare negotiated prices on January 1, 2027.
- Read your plan's Annual Notice of Change, and see what to do if your Medicare Advantage plan is ending.
- Compare plans on Medicare.gov or with a SHINE counselor. Our Open Enrollment guide lists the key dates.
For all of our Medicare guides in one place, see Medicare help in Florida.
Disclaimer: This article is for informational purposes only and does not constitute medical, financial, or legal advice. Readers should consult a qualified healthcare provider for medical concerns, a financial advisor for financial planning, and an attorney for legal matters. The resources and programs mentioned are subject to eligibility requirements and availability, which may vary. While we strive for accuracy, the information provided may not reflect the most recent updates. Always verify details with official sources or professionals before making decisions based on this content.