Medicare in 2026: Everything You Need to Know
Medicare can feel overwhelming — but it doesn't have to be. This plain-English guide walks you through every part of Medicare, explains your choices, and shows you how to get free help from a licensed agent to find the right plan.
What Is Medicare?
Medicare is the federal health insurance program for people 65 and older, as well as certain younger people with disabilities. It's run by the federal government and covers hospital stays, doctor visits, prescription drugs, and much more.
Most people pay nothing for Part A (hospital coverage) if they or their spouse worked and paid Medicare taxes for at least 10 years. Part B (doctor visits) has a standard monthly premium — in 2026 it is $185.00 per month for most people.
Medicare Parts A, B, C, and D
Part A — Hospital Insurance
Covers inpatient hospital stays, skilled nursing facility care, hospice, and some home health services. Most people pay $0 per month in premiums if they've worked and paid Medicare taxes for at least 10 years.
Part B — Medical Insurance
Covers doctor visits, outpatient care, preventive services, and medical equipment. The standard premium in 2026 is $185.00/month. Higher earners may pay more (called IRMAA).
Part C — Medicare Advantage
An alternative to Original Medicare offered by private insurers. Bundles Parts A and B and usually includes Part D (drugs), dental, vision, and hearing. Many plans have $0 monthly premiums. Requires using a network of doctors.
Part D — Prescription Drug Coverage
Covers prescription medications. Sold separately by private insurers or bundled into Medicare Advantage plans. Premiums vary by plan. If you skip Part D when first eligible and don't have other creditable drug coverage, you may face a late enrollment penalty.
Medicare Advantage vs. Medicare Supplement (Medigap)
This is the biggest decision most Medicare enrollees face. Here's how to think about it:
Medicare Advantage (Part C)
- ✅ Often $0 monthly premium
- ✅ Usually includes dental, vision, hearing
- ✅ Often includes Part D drug coverage
- ⚠️ Must use a network of doctors
- ⚠️ Copays and out-of-pocket costs vary
- ⚠️ May need referrals for specialists
Best for: People who want low premiums, extra benefits, and are comfortable with a network.
Medicare Supplement (Medigap)
- ✅ See any doctor that accepts Medicare
- ✅ Predictable, low out-of-pocket costs
- ✅ No referrals needed
- ⚠️ Higher monthly premiums ($100–$300+)
- ⚠️ Does NOT include drug coverage (add Part D)
- ⚠️ No dental/vision included
Best for: People who travel frequently, want full provider choice, or have chronic conditions requiring specialist care.
When to Enroll in Medicare
Initial Enrollment Period (IEP)
A 7-month window starting 3 months before your 65th birthday, including your birthday month, and ending 3 months after. This is the best time to enroll — you avoid late penalties and gaps in coverage.
Annual Enrollment Period (AEP)
October 15 – December 7 each year. This is when you can switch Medicare Advantage plans, switch from Advantage back to Original Medicare, or change your Part D drug plan. Changes take effect January 1.
Open Enrollment Period (OEP)
January 1 – March 31. If you're already in a Medicare Advantage plan, you can switch to a different Advantage plan or go back to Original Medicare once during this period.
Special Enrollment Periods (SEP)
Triggered by life events such as moving to a new area, losing employer coverage, moving into or out of a nursing facility, or qualifying for Extra Help (Low Income Subsidy).
Free Tools to Compare Medicare Plans
Both services below are completely free. Licensed agents are compensated by the insurance carriers — not by you — so there's no cost or obligation to compare.
Medicare Plan Comparison Services
Both services are free to use. No obligation to enroll.
| Service | Plan Types | How It Works | Cost to You | Phone Support | |
|---|---|---|---|---|---|
| GoHealthBest Pick | Medicare Advantage, Supplement, Part D | Licensed agents help you compare & enroll by phone or online | Free | Yes — licensed agents | Compare Plans Free |
| eHealth Insurance | Medicare Advantage, Supplement, Part D, Dental | Online comparison tool + optional licensed broker call | Free | Yes — licensed brokers | Compare Plans |
This table contains affiliate links. We may earn a commission if you sign up or purchase through our links, at no extra cost to you. See our disclosure.
Frequently Asked Questions
Do I have to sign up for Medicare at 65?
Not always. If you have employer coverage through your job (or a spouse's job) at a company with 20 or more employees, you can delay Medicare without penalty. If your employer has fewer than 20 employees, Medicare becomes your primary insurance at 65 and you should enroll.
Can I have both Medicare Advantage and a Medigap plan?
No. Medigap plans are designed to supplement Original Medicare (Parts A and B), not Medicare Advantage. You cannot use a Medigap policy to cover costs in a Medicare Advantage plan.
What does Medicare NOT cover?
Original Medicare does not cover routine dental, vision, hearing aids, or long-term care (nursing home). Medicare Advantage plans often add some of these benefits.
Is Medicare free?
Part A is free for most people. Part B has a standard premium of $185/month in 2026. Medicare Advantage plans often have $0 premiums. Medigap plans have premiums ranging from $100–$300+ per month depending on your plan and location.
What is the Medicare "donut hole"?
The coverage gap (donut hole) in Part D drug plans has been largely eliminated starting in 2025. Out-of-pocket drug costs are now capped at $2,000 per year under the Inflation Reduction Act.
Can I change my Medicare plan every year?
Yes. During the Annual Enrollment Period (October 15 – December 7), you can switch Medicare Advantage plans, change Part D plans, or switch between Original Medicare and Medicare Advantage.
Ready to Find Your Medicare Plan?
A licensed agent can compare plans in your area for free — no obligation, no cost to you.
Compare Plans Free with GoHealthAffiliate link — we may earn a commission at no extra cost to you. Learn more.