Medicare
Medicare Part B premium is projected to rise to about $209.50 in 2027
Medicare trustees project the standard premium rising from $202.90 and the deductible from $283 to about $292, with $272.10 projected by 2031; CMS announces final figures this fall.
Key facts
- AARP reported that the standard Medicare Part B premium is projected to rise to about $209.50 a month in 2027, up from $202.90 in 2026, based on the Medicare trustees' report.
- The annual Part B deductible could rise from $283 to about $292.
- The trustees project the premium reaching $272.10 by 2031, according to MOAA's review of the report.
What happened
AARP reported that the standard Medicare Part B premium is projected to rise to about $209.50 a month in 2027, up from $202.90 in 2026, based on the Medicare trustees' report. The annual Part B deductible could rise from $283 to about $292. The trustees project the premium reaching $272.10 by 2031, according to MOAA's review of the report.
The final 2027 amounts are set by the Centers for Medicare & Medicaid Services, usually in the fall. AARP also noted a one-time $90 payment announced by President Trump that is going to about 20.8 million people. Part B premiums are usually deducted directly from Social Security checks.
What it means for families
The Part B increase will absorb part of the 2027 Social Security raise. People with higher incomes pay more through income-related surcharges, and people with limited income may qualify for help.
For example: a father whose Social Security rises about $75 could see about $6.60 of that go to the higher premium, and more if he pays an income surcharge.
Medicare Savings Programs can pay the Part B premium for people with low income.
Part B also covers doctor visits, outpatient care and durable medical equipment, so the deductible increase shows up early in the year when a parent first sees a doctor.
What this means in New York: New York's Medicare Savings Program income limits are higher than many states'. HIICAP, at 1-800-701-0501, can check eligibility.
What to do this week
- Watch for the final 2027 Part B amount from CMS and update a parent's budget.
- If a parent's income is limited, apply for a Medicare Savings Program.
- If an income surcharge seems wrong after a life change, ask Social Security about appealing it.
Sources
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