IRMAA is a surcharge added to your Medicare Part B and Medicare Part D prescription drug coverage premiums if your income is ...

In 2025, you may have to pay the Medicare IRMAA if you make more than $106,000 as a single filer or $212,000 as a joint filer. In 2026, IRMAA thresholds are $109,000 and $218,000. Many, or all, of the ...

A new tax deduction for people over age 65 has some thinking about Medicare premiums and MAGI strategy.

Single filers and those with other filing statuses have lower thresholds. Each year, Medicare adjusts these brackets for inflation, so plan for annual changes. Even a modest IRMAA surcharge can ...

One of the surprises some retirees encounter is that Medicare premiums aren’t the same for everyone. Although the overwhelming majority of retirees pay the standard base premium for Medicare Parts B ...

“Your retirement income could trigger a Medicare penalty you didn’t even know existed.” Most retirees think of Medicare as a safety net — a predictable, reliable program that helps cover health ...

Many retirees are surprised to learn that their Medicare premiums are not fixed. In fact, a lesser-known factor called the income-related monthly adjustment amount (IRMAA) can significantly increase ...

Medicare increases the monthly premiums for Part B and Part D coverage if your income is higher than certain limits. To avoid these surcharges, you can reduce your modified adjusted gross income. If ...

When it comes to Medicare, premiums don’t always stop at the standard rate. If your income exceeds certain thresholds, you may pay more through the income-related monthly adjustment amount, better ...