IRMAA Part D payments are paid separately to Medicare, and you must pay them even if your employer or another third party (such as retirement system) pays your Part D plan premiums. You’ll get a Medicare Premium Bill each month for your Part D IRMAA and you can pay it in the same...
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 Security. Here are three things everyone must know about IRMAA: Medicare calculates premiums and IRMAA surcharges based on your ...
Don’t Miss This: Check Your 1099-R in January By Robert Powell, CFPJan 31, 2025 1:40 PM EST Retirement Costs Are Rising. Can You Afford to Retire? By Samanda DorgerJan 31, 2025 10:25 AM EST Social Security/Medicare Everything You Need to Know About...
IRMAA stands for Income Related Monthly Adjustment Amount. And if you’ve spent much time looking around at the various provisions related to Medicare, the word “adjustment” raises your “bet I’ve gotta pay more” antenna. Which is exactly right, you’re gonna pay more. ...