Income-Related Monthly Adjustment Amount for Medicare Beneficiaries (IRMAA)

What is IRMAA? IRMAA stands for Income-Related Monthly Adjustment Amount. Depending on your income, an additional charge is added to Medicare Part B and Part D premiums. If your income exceeds a certain threshold, you’ll pay a higher premium for your Medicare coverage. IRMAA was passed as part of the Medicare Modernization Act of 2003. […]