If you exceed certain income thresholds, it is possible you would be subject to the income-related monthly adjustment amount (IRMAA). A surcharge added on top of your standard premium for Medicare Part B and Part D. Here is the 2023 chart…
Every January the government determines the amount your part B premium will be based on your income from 2 years ago. If you are considered a ‘high-earner’ there is an adjustment (increase) applied to your premium for the upcoming calendar year. There is also an adjustment added to your prescription plan premiums based on the same income gird (‘high-earners’ only).see below for reference: 2022 part b irma, 2022 part d irma, 2022 medicare part b irma premiums, 2022 medicare part […]