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 2021|
|Equal to or below $88,000||Equal to or below $176,000||$144.60|
|$88,001 - $111,000||$176,001 - $222,000||$207.90|
|$111,001 - $138,000||$2122,001 - $276,000||$297.00|
|$138,001 - $165,000||$276,001 - $333,000||$386.10|
|$165,001 - $500,000||$330,001 - $750,000||$475.20|
|$500,000 and above||$750,000 and above||$504.90|
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 $88,000||Equal to or below $176,000||$0|
|$88,001 - $111,000||$176,001 - $222,000||$12.30|
|$111,001 - $138,000||$222,001 - $276,000||$31.80|
|$138,001 - $163,000||$276,001 - $330,000||$51.20|
|$165,001 - $500,000||$330,001 - $750,000||$70.70|
|$500,000 and above||$750,000 and above||$77.10|
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.
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