The projections for Medicare are roughly on par with last year’s report.
The trust fund for Medicare Part A, which covers hospital and nursing home costs for seniors, will be depleted by 2026, the same year as reported last year. At that point the program would only be able to pay out 91% of promised benefits.
Medicare Part B, which helps seniors pay for doctor visits and outpatient care, as well as Part D, which covers prescription drug benefits, are “adequately financed into the indefinite future,” the report said. That’s because the law requires automatic financing for them.