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Home > Higher Incomes and Higher Payments (IRMAA)

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FAQ(s) found under  Higher Incomes and Higher Payments (IRMAA) Showing 7 of 7 Prev

What is the Income-Related Monthly Adjustment Amount (or IRMAA)?
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If you are a person who has higher annual earnings, the Income-Related Monthly Adjustment Amount (or IRMAA) is an additional amount that you pay for your monthly Medicare Part D prescription drug plan premiums and your monthly Medicare Part B (out-patient or doctor visit coverage) premiums.

As noted by the Social Security Administation: "[i]f you have higher income, the Medicare law requires an adjustment to your monthly Medicare Part B (out-patient medical insurance) and Medicare prescription drug coverage premiums (Medicare Part D). Higher-income beneficiaries pay higher premiums for Part B and prescription drug coverage.   This [additional premium cost] affects less than 5 percent of people with Medicare, so most people do not pay a higher premium."



As reference, here is a link our Q1Medicare.com Blog Section on the Income-Related Monthly Adjustment Amounts:
http://www.q1medicare.com/q1group/MedicareAdvantagePartD/category/IRMAA---for-Higher-Incomes/16/.html.

For example, here is a listing of the Medicare Part D IRMAA information for 2013:
http://www.q1medicare.com/q1group/MedicareAdvantagePartD/archive/2013-Income-Related-Medicare-Adjustment-Amounts-%28IRMAA%29-Remain-Near-Constant/222/16/0/2012/m/2012/8/d.html.


If you have a question about your Medicare Part D
Income-Related Monthly Adjustment Amount (or IRMAA), you can click on the following link and send us an eMail:  http://www.q1medicare.com/q1group/MedicareAdvantagePartD/Helpdesk.php.




Related FAQs In This Category
•  How is the income-related monthly adjustment amount or IRMAA affected if my income goes down?
•  Can you provide an example of how the income-related monthly adjustment amounts or IRMAA apply to my Medicare Part B and Medicare Part D prescription drug plan premiums in 2012?


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Latest Added FAQs

• What can I do if I do not agree with the Social Security Administration's income-related monthly adjustment amount or IRMAA assessment?
   You have the right to appeal the Social Securitiy Administration's income-related monthly adjustment...


• Can you provide an example of how the income-related monthly adjustment amounts or IRMAA apply to my Medicare Part B and Medicare Part D prescription drug plan premiums in 2012?
    The standard Medicare Part B premium for 2012 is $99.90. If you are single and filed an individ...


• How is the income-related monthly adjustment amount or IRMAA affected if my income goes down?
   You can ask the Social Security Administration to reconsider your income-related monthly adjustment ...


• Which Federal income tax return is used by the Social Security Administration to determine whether I have an income-related monthly adjustment amount for my Medicare Part B and Medicare Part D?
   Your most recent Federal income tax return will be used to determine whether you are subject to an i...


• How does the Social Security Administration (SSA) determine whether I pay a higher Medicare Part B and Medicare Part D premium?
   Your most recent Federal income tax returns are used to determine whether you pay an income-related ...




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