Once the IRMAA calculations are complete, CMS informs the Social Security Administration (SSA). The SSA determines whether a person must pay more than the standard premium. People must pay a ...

The income-related monthly adjustment amount (IRMAA) is a fee you pay on top of your Medicare Part B and Part D premiums if you make a yearly income above the annual thresholds. Many, or all ...

Before you want to take action to reduce your income that counts toward the IRMAA limits, you need to understand what goes into that calculation. A single dollar over a limit, and you have to pay ...

Therefore, gaining a detailed understanding of IRMAA and how it is calculated can help you better anticipate potential financial implications. The calculation of IRMAA depends on a variety of factors.

He gives presentations where he runs numbers for audience members with his company’s proprietary IRMAA Solutions calculator ...

You can appeal your IRMAA determination if you believe the calculation was erroneous. Also, if you’ve had a life-changing event and your income has gone down, you may use Form SSA-44 to request ...

Once the IRMAA calculations are complete, CMS informs the Social Security Administration (SSA). The SSA determines whether a person must pay more than the standard premium. People must pay a ...