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Medicare Costs Are Rising in 2026. Here’s How to Save During Open Enrollment

More than 67 million Medicare beneficiaries face fewer plan options and premium increases up to $50 amid reduced federal funding and insurer market exits in 2026.

  • The national open-enrollment window from Oct. 15 to Dec. 7 allows more than 67 million Americans with Medicare to review or change coverage.
  • Policy changes from Washington, including recent legislation, and a scaled-back federal stabilization program are tightening payments for Medicare plans and insurers next year.
  • Details show clear cost shifts: the $2,000 out-of-pocket drug cap will rise to $2,100 next year, and premiums for Medicare Part D plans may increase by up to $50, while the Medicare Plan Finder website will display provider directories.
  • Insurers are responding by cutting benefits or exiting markets: UnitedHealthcare will end PPO plans affecting about 600,000 members, Humana expects to lose about 550,000, and the CBO estimates about 100,000 could lose coverage.
  • Medicare specialists recommend beneficiaries closely review plan changes and avoid unsolicited calls, as many shifts surfaced in recent weeks; Teresa Branco urges working only with licensed local insurance agents.
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Medicare costs are rising in 2026. Here’s how to save during open enrollment

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Time News broke the news in on Wednesday, October 15, 2025.
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