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The SSA calculates the IRMAA amount using your modified adjusted gross income (MAGI) according to your tax returns from 2 years ago. Your Medicare Part B premium rises as your income increases.
The Social Security Administration (SSA) will then work out a person’s IRMAA based on information from the Internal Revenue Service relating to the person’s modified adjusted gross income.
How IRMAA works IRMAA’s surcharge is a sliding scale that, in 2024, starts at $244.60 a month for people with 2022 income between $103,000 and $129,000 and goes up to $559 a month for incomes of ...
If you're married with a modified adjusted gross income of: Your IRMAA Will Be: Your Total Monthly Part B Premium Will Be: Less than or equal to $106,000. Less than or equal to $212,000.
When a person makes more than the allowed income amount, Medicare may add an IRMAA to the Part B premium, Part D premium, or both. The amounts are based on a person’s adjusted gross income, and ...
Read about income-related monthly adjustment amounts (IRMAA). Non-income adjusted premiums. ... modified adjusted gross income. total adjusted gross income. tax-exempt interest income.
IRMAA affects roughly 8% of people with Medicare Part B, CMS said. ... but who file separate tax returns from their spouses with modified adjusted gross income of:
If you're a single tax-filer with a modified adjusted gross income (MAGI) of $106,000 or less, you won't face an IRMAA in 2025. But once your MAGI goes above $106,000, you'll pay more for whatever ...