Social Security, COLA and Medicare
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In 2025, Medicare beneficiaries pay $185 per month for their Part B premiums. This is up a little more than $10 over the $174.70 Part B premiums in 2024. Some high earners can pay nearly $629 per month, though this is uncommon.
The 2026 Social Security cost-of-living adjustment (COLA) will raise benefits by 2.8%, but advocates say the increase won’t cover rising Medicare premiums or reflect the true cost of living for older Americans.
Medicare costs are projected to rise by their highest amount in years. Here’s what to expect if you’re on Part B or Part D.