The income-related monthly adjustment amount, or IRMAA, is a surcharge that high-income people may pay in addition to their Medicare Part B and Part D premiums. The Medicare IRMAA for Part B went into effect in 2007, while the IRMAA for Part D was implemented as part of the Affordable...
IRMAA stands forIncome Related Monthly Adjustment Amount. It’s a surcharge on Medicare’s base premium for parts B and D. The government uses information from the IRS to determine if you must pay more for Medicare as well as IRMAA surcharges and how much to take out of your Social Sec...
Reason being, by this time, we will have a very clear picture of total income for the year. I can’t tell you how many times we’ve seen situations where clients confidently believe their income will be a certain amount but it ends up being much higher ...
increase. Also, if the COLA is very low (as we sometimes see as well as the zero years), the Medicare Part B premium can only increase by the COLA amount and no more. This is known as the “hold harmless” rule. Click the link for anexcellent technical explanation of the hold ...
For 2025, beneficiaries whose 2023 income exceeded $106,000 (individual return) or $212,000 (joint return) will pay a premium amount ranging from $259 to $628.90, depending on income. 2025 Medicare Part B IRMAA brackets If your income in 2023 was this ... You'll pay this ...