Medicare Planning & Cost Analysis Tool

A comprehensive tool for Medicare plan comparison, IRMAA income surcharge estimation, enrollment timeline planning, and late enrollment penalty calculation — all in one place.

Step 1 — Monthly Premiums & Plan Details

Enter Each Plan's Monthly Premiums & Cost-Sharing

Medicare Supplement + Part D
Core Medicare & Supplement
$
📄 View 2026 Medicare Costs (medicare.gov)
$
$
Prescription Drug (Part D)
$
$
Dental & Vision Plan
$
$
Medicare Advantage (Part C)
Plan Premiums & Cost-Sharing
$
$
$
$
$
$
$
$
Ambulance
$
Step 2 — Hospital Indemnity Plan (HIP) (Advantage side)

Hospital Indemnity Plan (HIP) Details

What is a Hospital Indemnity Plan (HIP)? A HIP plan pays you a fixed cash benefit when you use certain covered services. The hospital benefit pays per day of inpatient stay; the ER benefit pays per visit; the ambulance benefit pays per trip. Benefits offset your MA copays — and any amount exceeding the copay is paid as cash to you.
HIP Plan Premium
$
Benefit — ER & Hospital
$
$
Benefit — Ambulance
$

Hospital benefit pays per day of inpatient stay. ER and ambulance benefits pay per event. Any benefit exceeding the MA copay is paid as cash to you.

Step 3 — Prescription Drug Out-of-Pocket

Estimated Annual Rx Costs (copays, deductibles, coinsurance)

Part D Plan
$
MA-PD (built-in drug coverage)
$
Step 4 — Expected Healthcare Use (per year)

How Often Do You Expect to Use Healthcare This Year?

$

Your Annual Cost Comparison

Based on the plan details and expected healthcare use you entered.

Lower estimated annual cost
Medicare Supplement + Part D
Est. Annual Total
Medicare Advantage + HIP Plan
Est. Annual Total

Side-by-Side Cost Breakdown

Cost Category Supplement + Part D MA + HIP Plan
Important: This comparison is an estimate based on the information entered and is intended for educational purposes only. HIP plan benefits shown as credits may vary by policy terms; benefits exceeding actual costs are paid as cash. Actual costs depend on specific plan benefits, provider networks, claim processing, and individual health needs. This tool does not constitute insurance advice. Contact Jon Maves at Para Insurance Solutions for a personalized plan review.
Step 1 — Enter Income & Filing Status

Income Information

2026 Standard Medicare Premiums
Part B (Medical)
$202.90/month
If single MAGI ≤ $109,000  |  If joint MAGI ≤ $218,000
Part D (Drug Coverage)
Varies by plan
No surcharge if single MAGI ≤ $109,000  |  joint ≤ $218,000
If your income exceeds these thresholds, an IRMAA surcharge is added to your premiums. Enter your information below to calculate your amount.
$
What is IRMAA?

IRMAA — Income-Related Monthly Adjustment Amount

IRMAA is a surcharge added to your standard Part B and Part D premiums if your income exceeds certain thresholds. It is based on your Modified Adjusted Gross Income (MAGI) from 2 years prior — so 2026 premiums are based on your 2024 tax return.

Can the 2-Year Look-Back Be Changed?

Yes — if you've experienced a qualifying life-changing event that significantly reduced your income since that tax return was filed, you can request that Social Security use more recent income instead. Qualifying events include:

  • You or your spouse retired, stopped working, or reduced work hours
  • Marriage, divorce, or annulment
  • Death of a spouse
  • You or your spouse lost income-producing property due to disaster or other circumstances beyond your control
  • You or your spouse experienced a scheduled cessation, termination, or reorganization of an employer's pension plan
  • You or your spouse received a settlement from an employer or former employer due to closure, bankruptcy, or reorganization
📋
SSA Form SSA-44 — Medicare Income-Related Monthly Adjustment Amount — Life-Changing Event
Use this form to request a reduction in your IRMAA based on a life-changing event. Submit it to your local Social Security office along with documentation of the event and your updated income.
Download SSA-44 Form →
Medicare Enrollment Timeline Calculator

About Your Enrollment Windows

Missing your Medicare enrollment window can result in permanent late enrollment penalties and gaps in coverage. Enter the information below to see your personalized enrollment timeline.

Step 1 — Your Information

Personal & Employment Details

Late Enrollment Penalty Calculator

How Late Enrollment Penalties Work

If you don't enroll in Medicare Part B or Part D when first eligible — and don't have qualifying coverage — you may face permanent monthly penalties added to your premiums for as long as you have Medicare. Use this calculator to estimate your penalty exposure.

Step 1 — Part B Penalty

Part B Late Enrollment Penalty

$

Penalty = 10% × (number of full 12-month periods without coverage) × standard premium. This penalty is permanent.

Step 2 — Part D Penalty

Part D Late Enrollment Penalty

$

Penalty = 1% × months without coverage × national base beneficiary premium (rounded to nearest $0.10). This penalty is permanent and recalculated each year as the base premium changes.