What Is an IRMAA in Medicare?

• 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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