Income-related monthly adjustment amounts (IRMAA) changing in 2020

Millions of seniors in retirement get their health benefits through Medicare. The cost of Medicare Part B is going up in 2020 to $144.60 but for some it could be higher. Although only seven percent of seniors, high earners are subject to income-related monthly adjustment amounts (IRMAA) that make Medicare even pricier. The attached article reviews the new income brackets and what it will cost you if you are a high earner. Read article here…

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