Two people using a calculator. The income-related monthly adjustment amount (IRMAA) applies to Medicare beneficiaries with incomes above a certain amount. It only applies to Medicare parts B and D.

Penny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny ...

Many people feel surprised when Medicare adds an **IRMAA surcharge** based on income from two years earlier. You might feel ...

Meet IRMAA. This is not a senior’s dating site, but every senior on Medicare should be intimately familiar with IRMAA — the initials that stand for “income-related monthly adjustment amount.” It’s the ...

IRMAA is an extra charge on top of your regular Medicare Part B and Part D premiums. It’s based on your income from 2 years prior. The Social Security Administration determines if you owe IRMAA based ...

If you have Medicare Part B and/or Medicare Part D prescription drug coverage, you could owe a monthly surcharge based on an income-related monthly adjustment amount (IRMAA). This surcharge is paid by ...

Sadly the more prepared you are for retirement the more you may have to spend on medicare premiums. Many assume they will be free of health insurance premiums once they reach Medicare age. Others ...

Medicare increases the monthly premiums for Part B and Part D coverage if your income is higher than certain limits. To avoid these surcharges, you can reduce your modified adjusted gross income. If ...

When you buy through links on our articles, Future and its syndication partners may earn a commission. Credit: Getty Images The income-related monthly adjustment amount (IRMAA) is one of the most ...

An income-related monthly adjustment amount (IRMAA) is a surcharge added to your monthly Medicare Part B and Part D premiums based on your annual income. Many parts of Medicare involve paying a ...