The Centers for Medicare & Medicaid Services have announced the updated premiums, deductibles, and coinsurance amounts for Medicare Parts A & B, effective January 1st, 2026.
Medicare Part A covers inpatient hospital, skilled nursing facility, hospice, inpatient rehabilitation, and some home health care services. Most Medicare recipients do not have to pay a premium based on their Medicare-covered employment history. For those who do need to pay a premium, amounts are based on work history and/or disability status (more information here).
Deductible and coinsurance changes for Medicare Part A in 2026 are found in the chart below:
Medicare Part B covers physicians’ services, outpatient hospital services, certain home health services, durable medical equipment, and certain other medical and health services not covered by Medicare Part A. The Medicare Part B monthly premium is determined by a recipient’s income, as can be seen in the chart below (for more detailed information on individuals with various tax filing scenarios, visit this page).
The Medicare Part B 2026 annual deductible will be $283.
Medicare Part B premiums, excluding any penalties, are reimbursed for retirees and their eligible dependents by the City, provided that the retiree is receiving a City pension and enrolled as the contract holder for City health benefits. The reimbursement amount is based on the standard premium. Individuals whose incomes are higher than the threshold for the standard premium may receive an additional Income-Related Monthly Adjustment Amount reimbursement. For more information about these reimbursement programs, visit this page. Please note: the MEA does not administer these programs and cannot check the status of your reimbursement. For individual questions, please reach out to Retiree Health Benefits at 212-513-0470.
