Understanding the costs associated with Medicare in 2026 helps you budget for healthcare and choose the right coverage. Here is a comprehensive breakdown of all Medicare costs for New Mexico beneficiaries.
Part A Costs (2026)
| Item | Cost |
|---|
| Premium (40+ quarters) | $0 |
| Premium (30-39 quarters) | $311/month |
| Premium (<30 quarters) | $565/month |
| Inpatient Deductible | $1,736 |
| Days 1-60 Coinsurance | $0 |
| Days 61-90 Coinsurance | $434/day |
| Lifetime Reserve Days (91-150) | $868/day |
| Skilled Nursing (Days 1-20) | $0 |
| Skilled Nursing (Days 21-100) | $217.00/day |
Part B Costs (2026)
| Item | Cost |
|---|
| Standard Premium | $202.90/month |
| Annual Deductible | $283 |
| Coinsurance | 20% of Medicare-approved amount |
Medigap & Medicare Advantage Limits (2026)
| Plan / Limit | 2026 Amount |
|---|
| Medigap Plan K out-of-pocket limit | $8,000 |
| Medigap Plan L out-of-pocket limit | $4,000 |
| High-Deductible Plan F & G deductible | $2,950 |
| Medicare Advantage in-network OOP cap (max) | $9,250 |
| Medicare Advantage in-network + OON OOP cap (max) | $13,900 |
Medigap Plans K and L share costs differently than other plans, hitting hard out-of-pocket limits each year. Medicare Advantage plans set their own OOP caps, but cannot exceed the federal maximum.
Part B IRMAA Brackets (2026)
| Individual MAGI | Married MAGI | Monthly Premium |
|---|
| ≤ $109,000 | ≤ $218,000 | $202.90 |
| $109,001 – $137,000 | $218,001 – $274,000 | $284.10 |
| $137,001 – $171,000 | $274,001 – $342,000 | $405.80 |
| $171,001 – $205,000 | $342,001 – $410,000 | $527.50 |
| $205,001 – $500,000 | $410,001 – $750,000 | $649.20 |
| > $500,000 | > $750,000 | $689.90 |
Part D Costs (2026)
| Item | Cost |
|---|
| Maximum Deductible | $615 |
| Annual Out-of-Pocket Cap | $2,100 |
| Premiums | Vary by plan and county |
Want Help Minimizing Your Medicare Costs?
A licensed Medicare agent can help you find plans that reduce your out-of-pocket expenses based on your specific healthcare needs, prescriptions, and providers in New Mexico.
Find a Local Medicare Agent | Compare Plans & Costs