The Medicare Income-Related Monthly Adjustment Amount is an amount you may pay in addition to your Part B and/or Part D premium if your income is above a certain level. The Social Security Administration (SSA) sets income brackets that determine your (or you and your spouse’s) IRMAA. SSA determines if you owe an IRMAA based on the income you reported on your IRS tax returns two years prior, meaning two years before the year that you started paying IRMAA. The income that counts is the adjusted gross income you reported plus other forms of tax-exempt income.
If you are expected to pay an IRMAA, SSA will notify you that you have a higher Part B premium.
|Annual income||Your monthly premium in 2020|
|Equal to or below $87,000||Equal to or below $174,000||$144.60|
|$87,001 - $109,000||$174,001 - $218,000||$202.40|
|$109,001 - $136,000||$218,001 - $272,000||$289.20|
|$136,001 - $163,000||$272,001 - $326,000||$376|
|$163,001 - $500,000||$326,001 - $750,000||$462.70|
|$500,000 and above||$750,000 and above||$491.60|
Your additional premium for Part D is a percentage of the national base beneficiary premium of $32.74 in 2020. If you are expected to pay IRMAA, SSA will notify you that you have a higher Part D premium.
|Annual income||What you pay in addition to your
Part D premium in 2020
|Equal to or below $87,000||Equal to or below $174,000||$0|
|$87,001 - $109,000||$174,001 - $218,000||$12.20|
|$109,001 - $136,000||$218,001 - $272,000||$31.50|
|$136,001 - $163,000||$272,001 - $326,000||$50.70|
|$163,001 - $500,000||$326,001 - $750,000||$70|
|$500,000 and above||$750,000 and above||$76.40|
If you believe that you should not pay IRMAA, your circumstances have changed for certain reasons, or your IRMAA was miscalculated, you have the right to request that SSA lower or eliminate your premium increase.
Clicking third-party links will open a new tab and will take you away from YourMedicare.com. YourMedicare.com, LLC does not control the linked sites’ content or link.
This content was created and copyrighted by the Medicare Rights Center ©2020. Medicare Rights Center is a national, nonprofit consumer service organization that works to ensure access to affordable health care for older adults and people with disabilities. These materials are presented here with support from YourMedicare.com and may not be distributed, modified or edited without Medicare Rights’ consent.
YourMedicare.com takes pride in providing you as much information as possible concerning your Medicare options, but only a health insurance broker licensed to sell Medicare can help you compare your plan options from various insurance companies. When you’re ready, we recommend you discuss your needs with a YourMedicare.com Licensed Sales Agent.