If you’re researching Medicare coverage for 2027, be careful with cost tables that mix official figures and forecasts. Different Medicare costs are published on different schedules, and your real costs can also depend on your income, coverage choice, medications and plan.
Confirmed 2027 Part D figures
- $700: Maximum deductible for a 2027 Medicare Part D prescription drug plan. Some plans charge less or have no deductible.
- $2,400: Annual out-of-pocket limit for covered Part D drugs. After your eligible spending reaches the limit, you pay $0 for covered Part D drugs for the remainder of 2027. The calculations include certain payments made on your behalf. The limit is not a cap on every health care expense.
These figures are stated by Medicare.gov’s Part D cost guide and the CMS 2027 final rate announcement. Part D plan premiums, formularies, deductibles below the maximum and pharmacy pricing still vary by plan.
2027 Medigap Plan K and Plan L limits
CMS has announced the 2027 annual out-of-pocket limits for standardized Medigap Plan K and Plan L: $8,360 for Plan K and $4,180 for Plan L. These are specific Medigap plan limits, not the Medicare Advantage out-of-pocket limits or the Part D drug limit. Source: CMS’s Plan K and L limits.
What about the 2027 Part B premium and deductible?
As of November 10, 2026, this page has not verified a final CMS announcement for 2027 Part A and Part B premiums and deductibles. The Medicare Trustees’ 2026 report estimates the standard 2027 Part B premium at $209.50 per month, but that is a projection, not a final announced rate. We are deliberately not displaying it as an official 2027 premium.
For reference only, the officially announced 2026 standard Part B premium is $202.90 monthly and the Part B deductible is $283. These are 2026 amounts, not 2027 amounts. Check Medicare.gov: What does Medicare cost? for the latest annual updates.
Medicare Advantage and Medigap costs depend on the plan
A Medicare Advantage plan’s premium, provider network, copays and out-of-pocket maximum can vary by county and plan. Medigap premiums vary by plan letter, carrier, rating method and personal circumstances. If you see a $0 Medicare Advantage premium, that does not eliminate other medical spending or the usual Part B premium. Read our $0 premium explanation.
How to check your 2027 cost estimate
- Look up the exact Medicare Advantage or Part D plan for your Texas ZIP code in Medicare Plan Compare.
- Enter your actual prescription drugs and preferred pharmacies instead of using average drug-cost figures.
- Check the Annual Notice of Change, Evidence of Coverage and network information for the coming year.
- Verify any Part B premium estimate against CMS’s official annual announcement before using it for retirement budgeting.
Official references: Medicare Part D costs; CMS K/L limits; Medicare Trustees 2026 report; CMS official 2026 Part A and B costs.
Sources checked November 10, 2026. Publisher: Casey Pattison, Texas Insurance License #1215622; NPN #7619490. This article is general education only and is not individualized insurance advice. Report factual errors to contact@txpolicy.com.
