IRMAA is an additional premium that higher-income Medicare beneficiaries must pay for Medicare Part B and Part D (prescription drug coverage). The IRMAA is based on the beneficiary’s modified adjusted gross income (MAGI) from two years prior. If an individual’s income exceeds certain income...
Part B premium surcharges are based on modified adjusted gross income (MAGI) as reported on the beneficiary's federal tax return two years earlier. For example, the 2025 income-related monthly adjustments are based on MAGI in 2023.7 Special Considerations ...
For 2024, the standard monthly Part B premium is $174.70, up from $164.90 in 2023. This is generally deducted from Social Security or Railroad Retirement payments. Deductibles and coinsurance apply. Individuals whose modified adjusted gross income (MAGI) is more than $103,000 per year ($206,0...
Who pays higher Part B premiums because of income? If you (or you and your spouse, if you file jointly) have a higher income, you’ll pay a higher premium. Here’s the breakdown, according to 2025 yearly Modified Adjusted Gross Income (MAGI): ...
premium structure under Medicare Part B.)79 Part D beneficiaries with modified adjusted gross income (MAGI) above set thresholds are assessed a surcharge,80 referred to as an income-related monthly adjustment amount (IRMAA), in addition to their regular plan premiums. The higher-income surcharge...
Beneficiaries who file individual tax returns with modified adjusted gross income: Beneficiaries who file joint tax returns with modified adjusted gross income: Income-Related Monthly Adjustment Amount Total Monthly Premium Amount Less than or equal to $97,000 Less than or equal to $194,000 $0.00 ...
residents of the state in whose CHIP program they are enrolling, uninsured, and that they fall within the required income bracket. Income-related eligibility factors are determined using Modified Adjusted Gross Income (MAGI), just like Medicaid. States can add other requirements on top of these fu...
Unlike Medicare Part A, Medicare Part B eligibility requires a monthly premium from beneficiaries, regardless of how many quarters you pay Medicare taxes while working. This premium depends on your modified adjusted gross income (MAGI) from two years prior. ...
Those who are married and lived with their spouses at any time during the year, but who file separate tax returns with modified adjusted gross income of $106,000 or less, will pay just the Medicare Part B premium of $185.00 a month. ...
For high-income Medicare beneficiaries, Part B and Part D premiums include an additional charge based on your modified adjusted gross income, the income-related monthly adjusted amount (IRMAA). There is no surcharge or Part A for anyone. But people with high incomes (in 2023, that’s over ...