What Is IRMAA and Why Can It Raise Your Medicare Premiums?
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YouTubeMedicare Agents Hub
What Is IRMAA and Why Can It Raise Your Medicare Premiums?
Andrew Firmin of Benefit Adivisors Group, LLC in North Andover, MA explains that IRMAA is the income-related monthly adjustment amount, which can cause higher-income Medicare beneficiaries to pay more for Part B and Part D. As Andrew notes, Medicare looks at your adjusted gross income from two years prior, and if your income has changed because ...
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