IRMAA stands for Income Related Monthly Adjustment Amount. This is an additional Part B and Part D payment that Medicare recipients must pay if they are higher income earners. What determines if someone is a high income earner? Centers for Medicare Services are going to look at your Adjusted Gross Income and they always look […]
Most people will pay $134/mo for their Part B premiums in 2017, however, people who earned higher incomes in the past could pay an Income Related Monthly Adjustment Amount (IRMAA) up to $428.60/mo. and an extra IRMAA for their Part D Prescription Plan also. If these people have experienced a life changing event (i.e. work […]