Michael Gurr — Licensed Medicare Specialist with Bankers Life
Michael Gurr Medicare Specialist · Bankers Life
📞 (253) 880-6527
Serving Washington State · Licensed Medicare Advisor · Michael Gurr
Local pages: Tacoma Puyallup Olympia Cost Estimator

Medicare Costs and Penalties in Washington — What You'll Actually Pay

Most Washington residents pay around $202.90 a month for Part B in 2026, plus a Part D plan and possibly a Supplement. Late enrollment penalties can add up fast — and they last for life.

How much does Medicare cost per month in Washington?

In 2026, the standard Part B premium is $202.90/month. Part A is usually $0 if you or your spouse paid Medicare taxes for at least 10 years. A standalone Part D drug plan in Washington runs about $20–$60/month. A Medicare Supplement plan in Washington typically runs $230–$350/month depending on age, plan letter, and carrier. Some Medicare Advantage plans in Washington have $0 monthly premiums.

What is the Part B late enrollment penalty?

If you don't enroll in Part B when first eligible — and you don't have qualifying employer coverage — your premium goes up 10% for every 12 months you delayed. The penalty is permanent. It's added to your Part B premium for as long as you have Part B.

What is the Part D late enrollment penalty?

If you go 63 days or more without creditable drug coverage after your Initial Enrollment Period, you'll pay a Part D penalty: 1% of the national base beneficiary premium for every month you went without. In 2026 that base is approximately $36.78. The penalty is added to your Part D premium for life.

Are Medicare premiums higher if I have higher income (IRMAA)?

Yes. If your modified adjusted gross income from two years ago is over the threshold (in 2026, around $106,000 for single filers / $212,000 joint), you'll pay an IRMAA surcharge on Part B and Part D premiums. The higher your income, the higher the surcharge — it can more than double your Part B premium at the top brackets.

Late enrollment penalty examples

Months you delayed Part BPenalty addedEstimated lifetime cost*
12 months10% added permanently~$243/year × ~20 years = $4,870+
24 months20% added permanently~$487/year × ~20 years = $9,740+
36 months30% added permanently~$731/year × ~20 years = $14,610+
48 months40% added permanently~$974/year × ~20 years = $19,480+

*Examples assume 2026 standard Part B premium. Actual penalties scale with future premiums and your years on Medicare.

2026 Medicare costs at a glance

Cost2026 amount
Part A premium (most people)$0
Part A hospital deductible$1,676 per benefit period
Standard Part B premium$202.90/month
Part B annual deductible$257
Part D national base premium$36.78/month
Part D out-of-pocket cap$2,000/year
Medicare Supplement (Plan G/N) range$230–$350/month
IRMAA threshold (single / joint)$106,000 / $212,000

Frequently asked questions

Is the Part B penalty really for life?
Yes. The Part B late enrollment penalty is added to your monthly premium permanently — for as long as you have Part B.
Can I avoid the IRMAA surcharge?
If your income drops because of a life event (retirement, work stoppage, divorce), you can file Form SSA-44 to ask Social Security to reduce your IRMAA based on your current income.
Does Medicare have a yearly out-of-pocket limit?
Original Medicare alone does not — that's why most people add a Medicare Supplement or choose Medicare Advantage. Part D drug costs are capped at $2,000/year. Medicare Advantage plans have annual out-of-pocket maximums.
What's the cheapest way to do Medicare in Washington?
A Medicare Advantage plan with $0 premium is often the lowest monthly cost — but only if your doctors are in-network and your drugs are covered. Cheapest isn't always best. We can help you compare.

Want to know what you'll actually pay?

We'll look at your situation — income, prescriptions, doctors — and walk through what Medicare really costs in your case so you don't run out of money on surprise bills.

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