Medicare Part B in 2027: Projected Premiums and Deductibles

Medicare Part B covers your outpatient medical care, doctor visits, preventive screenings, and durable medical equipment. Most retirees have their monthly Part B premium automatically deducted directly from their Social Security checks.

According to the official Medicare Trustees Report, the standard Part B monthly premium is projected to reach $209.50 in 2027. This represents a 3.25% increase—or an extra $6.60 per month—compared to the $202.90 standard rate in 2026.

The Centers for Medicare & Medicaid Services (CMS) will announce the finalized Part B rate in late fall 2026. The increase reflects rising healthcare utilization and medical provider payment updates across the country.

Along with monthly premiums, the annual Part B deductible will also rise. The deductible is projected to increase by $9, moving from $283 in 2026 to $292 in 2027.

You must pay this annual deductible out-of-pocket before Original Medicare begins covering 80% of approved outpatient services. If you have a Medigap plan like Plan G, your policy covers the remaining 20% once you pay this deductible.

Factoring these medicare cost increases into your annual budget helps you avoid surprises when your net Social Security deposit updates in January.