Medicare ‘Death Traps’ That Will Cost You $5,000 This Year

In 2026, Medicare presents several costly pitfalls for retirees. Missing the initial Part B enrollment can lead to permanent 10% penalties per year delayed. Medicare Advantage plans have reduced networks, risking high out-of-pocket costs. Income-related surcharges (IRMAA) can sharply increase premiums based on 2024 income. New prior authorization rules may delay care and cause out-of-pocket expenses. The $2,100 Part D drug cap excludes non-formulary drugs, risking high costs. Active management of benefits is essential to avoid these financial traps.