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The Popel Insurance Group Blog

What Is an IRMAA in Medicare?

9/1/2021

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  • An IRMAA is a surcharge added to your monthly Medicare Part B and Part D premiums, based on your yearly income.
  • The Social Security Administration (SSA) uses your income tax information from 2 years ago to determine if you owe an IRMAA in addition to your monthly premium.
  • The surcharge amount you’ll pay depends on factors like your income bracket and how you’ve filed your taxes.
  • IRMAA decisions can be appealed if there’s an error in the tax information used or if you’ve experienced a life changing event that reduced your income.

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The Popel Insurance Group
1170 Ocean Pkwy #12C
Brooklyn, NY 11230
(718) 619-8289
Click Here to Email Us

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The Popel Insurance Group
800 NE 195th St #212
Miami, FL 33179
(718) 619-8289
Click Here to Email Us
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