If you exceed certain income thresholds, it is possible you would be subject to the income-related monthly adjustment amount (IRMAA). A surcharge added on top of your standard premium for Medicare Part B and Part D. Here is the 2023 chart…
Here’s a great article from myvision.org:Aging & Eyesight: What to Expect and Way to Improve| MyVision.org […]
2020The standard Part B premium amount in 2020 will be $144.60. Most people will pay the standard Part B premium amount. If you modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you’ll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premiumPart B deductible & coinsuranceYou pay $185 per year in 2019 ($198 in 2020) for your Part B Deductible. Af […]
Every January the government determines the amount your part B premium will be based on your income from 2 years ago. If you are considered a ‘high-earner’ there is an adjustment (increase) applied to your premium for the upcoming calendar year. There is also an adjustment added to your prescription plan premiums based on the same income gird (‘high-earners’ only).see below for reference: 2022 part b irma, 2022 part d irma, 2022 medicare part b irma premiums, 2022 medicare part […]
Starting Oct. 15th you can enroll in a new part D prescription plan for Jan. 2023. Please follow the instructions and/ or watch the video instructions on my website page ‘What did Mike say?” to lookup your meds and find a new plan 🙂 […]
Here is some good information regarding the 2023 Medicare part B premiums and the Medicare deductible:2023 Medicare Parts A & B Premiums and Deductibles 2023 Medicare Part D Income-Related Monthly Adjustment Amounts | CMS […]