Financial Planning
Understanding IRMAA
Learn what IRMAA is, how it can affect Medicare premiums, and why income changes can matter.
Some Medicare beneficiaries pay an additional amount on top of their standard Medicare Part B and Part D costs because of income. This adjustment is known as IRMAA, or the Income-Related Monthly Adjustment Amount.
What We’ll Cover
- What IRMAA is and which Medicare costs it can affect
- How income information is used to determine IRMAA
- Why retirement and other major income changes may matter
- When Social Security may review an IRMAA determination
- Questions to discuss with your financial, tax, or Medicare professionals
This educational session will help you better understand IRMAA and how it fits into the larger Medicare planning picture.