How Much Does Medicare Cost in New Jersey in 2026?
By Anthony Orner, Licensed Medicare Insurance Broker — NJ & 34 states
Last reviewed: April 2026 · Sources: CMS.gov, NJ DOBI
2026 Cost Breakdown for NJ Medicare
Monthly Costs
$202.90 Part B premium
$130–$220 Plan G average
~$40 Part D drug plan
Annual Deductibles
$283 Part B (covered by Plan G)
$1,676 Part A per benefit period
$0 out-of-pocket with Plan G
Quick answer
Most NJ residents with comprehensive Medigap coverage (Plan G) pay $333–$423/month total — that is the $202.90 Part B premium plus $130–$220 for Plan G. In return, they have near-zero out-of-pocket costs and can see any doctor in the US who accepts Medicare.
2026 Medicare Cost Summary — New Jersey
| Cost Item | 2026 Amount | Notes |
|---|---|---|
| Part A premium | $0 for most | Free if 40+ quarters of Medicare taxes |
| Part A deductible (per benefit period) | $1,676 | Covered by Plan G and Plan N |
| Part B premium | $202.90/month | Federal standard; higher if IRMAA applies |
| Part B deductible | $283/year | Covered by Plan G, not Plan N |
| Medigap Plan G (NJ avg) | $130–$220/month | Varies by carrier and county |
| Medigap Plan N (NJ avg) | $110–$185/month | Plus up to $20 copay per visit |
| Part D drug plan (avg) | $30–$60/month | Varies by plan and drugs needed |
Total Monthly Cost Scenarios
Original Medicare Only
⚠️ Unlimited out-of-pocket exposure — 20% of all Part B costs with no cap
Plan G + Part D (Recommended)
✅ Near-zero out-of-pocket — only the $283 Part B deductible per year
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