Medicare Cost Calculator
What Will Medicare Actually Cost You?
Estimates your annual Medicare cost based on plan type, income (which affects Part B premium via IRMAA), prescriptions, and doctor visits. Uses 2026 Medicare premium tables.
Your situation
Estimated annual cost
$6,042
Original Medicare + Plan G
Uses 2026 Part B premiums and IRMAA brackets. Medigap and Advantage premiums vary by state, age, and carrier — estimates use Michigan-area averages. Your actual cost may differ.
How to use this calculator
Pick the plan type you are thinking about. Enter your age, your yearly income, how many prescriptions you take each month, and how many times you see a doctor in a year. The calculator adds up a full year of costs, not just the monthly premium.
What goes into the estimate
- Your Part B premium, which is higher at higher incomes
- Your plan premium, if the plan has one
- Drug plan premium and a rough cost for your prescriptions
- What you pay when you get care, like deductibles and copays
What it does not cover
- The real plans and prices in your county
- How your exact drugs are priced on each plan's drug list
- Dental, vision, and hearing costs
- A hard health year, like a surgery or hospital stay
- Late enrollment penalties
Using it during Annual Enrollment
From October 15 to December 7, you can change your Medicare Advantage or drug plan. Changes start January 1. Use this tool to compare total yearly cost, then check your exact drugs and doctors against real plans before you switch.
Common questions
Why does my income change my Medicare cost?
Medicare adds an extra amount to Part B and Part D premiums when income is above a set level. It uses your tax return from two years earlier. If your income dropped because of retirement or another life change, you can ask Social Security to review it.
Does a $0 premium Advantage plan cost nothing?
No. You still pay your Part B premium. You also pay copays and other costs when you use care, up to the plan's yearly limit. That is why total cost matters more than the premium.
Why is my estimate different from a real quote?
Plan prices change by county, age, carrier, and year. This tool uses averages to give you a ballpark. A real comparison uses the plans in your area and your exact drug list.
When can I change my Medicare plan?
During Annual Enrollment, October 15 to December 7, with changes starting January 1. If you are on an Advantage plan, you also get a window from January 1 to March 31. Some life events, like a move, open other windows.
Educational tool only. Not financial, tax, or legal advice. Estimates use standard assumptions and may not reflect your specific situation. Talk to a licensed professional before acting on results.