There’s a good chance you can get your IRMAA eliminated or reduced if your income has dropped in the past two years.

The number of people paying Medicare surcharges continues to rise. Will you have to pay next year? For answers, check your 2024 income.

Your retirement income could trigger a Medicare penalty you didn’t even know existed.” Most retirees think of Medicare as a ...

Key Takeaways Premiums and other out-of-pocket costs for Medicare Part B and Part D usually go up every year, but this year’s increase is larger than usual.Medicare Part B premiums are expected to ...

An income-related monthly adjustment amount (IRMAA) is a surcharge added to your monthly Medicare Part B and Part D premiums based on your annual income. Many parts of Medicare involve paying a ...

Toni King has authored several books on the subject of Medicare and has appeared regularly as a guest on the American Family Radio Network. I am turning 65 in June, self-employed, and my income ...

Most people get Medicare Part A coverage at no premium and pay monthly premiums for Part B outpatient care and Part D prescription drug plans. However, high-income participants can pay thousands of ...

Lump-sum payouts from unused vacation or sick time can unintentionally push your income over IRMAA thresholds, raising your ...

Zack Sigel is a writer and editor based in New York City. He has been managing editor at Policygenius and M1 Finance, where he led teams specialized in writing about business and finance, and he has ...

Since 2007, the Medicare Modernization Act of 2003 has required high-income Medicare enrollees to pay an Income-Related Monthly Adjustment Amount surcharge, or IRMAA, on their Medicare Part B premiums ...

Medicare provides vital healthcare coverage for tens of millions of Americans. But even though most people have been paying payroll taxes to help support the program throughout their working lives, ...