Medicare costs are rising in 2026. Here’s how to save during open enrollment
by Elizabeth Aldrich and NerdWallet - 10/19/25 7:05 AM ET
(NerdWallet) – Nearly two-thirds of Americans (64%) believe Medicare benefits will be reduced under the current administration, according to a recent NerdWallet survey. For some, a reduction in benefits could be coming as soon as next year — along with a bigger price tag.
Medicare Part B premiums are estimated to increase by $21.50 to $206.50 next year according to the Medicare Trustees — one of the bigger premium hikes in Medicare history. Medicare Part D prescription drug plans can increase premiums by as much as $50, up from last year’s $35 cap set by the government. And many of the largest private insurers are pulling back on their Medicare offerings or exiting the market entirely due to lack of profitability.
Consumers have one major defense against rising costs, shrinking provider networks and disappearing benefits: Medicare’s fall open enrollment period. Each year from Oct. 15 to Dec. 7, you can add, drop or switch Medicare plans.
“This is the most important open enrollment period in Medicare’s 60-year history,” says Melinda Caughill, co-founder of 65 Incorporated, which offers Medicare guidance. “Everybody should be reviewing their plan.”
Here’s a Medicare open enrollment checklist to help you review your plan and compare your options this fall.
more
https://thehill.com/policy/healthcare/5562031-medicare-open-enrollment-guide/
