Will Medicare Part D premiums increase in 2026?

Yes. The base Part D premium is projected to rise about 6%, from $36.78 to $38.00. Deductibles and the catastrophic coverage threshold will also increase, leading to higher out-of-pocket costs for prescriptions.1

1 2025 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds.” Centers for Medicare & Medicaid Services.