IRMAA surprises 

The Income-Related Monthly Adjustment Amount (IRMAA) is not a penalty, but rather a pricing structure.  IRMAA was created under the “Medicare Modernization Act of 2003” and implemented in 2007.  Its purpose was to ensure higher-income beneficiaries pay a larger share of their Medicare Part B premiums. Most Americans pay the standard premium, which for 2026 is $202.90. This is only 25% of the full cost of Part B; the Government supplements the remaining 75%. In 2011, IRMAA was extended to Medicare Part D, which is prescription drug coverage. Jeff Judge, writing for Think Advisor, explains how IRMAA is a surprise to those who do not understand the structure of this surcharge and how to avoid it. Read Mr. Judge’s article here…

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